Getting to settlement in 60 days isn’t magic—it’s process. Let’s debunk the big myths.
Myth: “I can declare my intent any time.”
Fact: Intent to take up the offer must be declared at application and no later than 7 days after application.
Myth: “Apartments are fine.”
Fact: Units, apartments, townhouses, and strata titles are excluded. Eligible security is a freestanding house in highly marketable condition.
Myth: “I can get an extension if the vendor is slow.”
Fact: The offer requires settlement within 60 calendar days on a two-way no-fault basis. Extensions are not available.
Myth: “Any loan size qualifies.”
Fact: The minimum loan drawdown is $300,000 at settlement.
