1. What is settlement?
Settlement on your land is the date when the property title is transferred into the name of the purchaser, and the balance of the purchase price is paid.
2. How can I prepare for settlement?
Before settlement, there are several things you may need to consider, from applying for formal finance approval to selecting your builder and submitting your house design for developer approval. You may also like to notify your conveyancer of your upcoming settlement too.
3. When will valuations take place?
Typically once Practical Completion is achieved, valuers are given access to the site. You will receive an email closer to this time with registration details to share with your lender inviting them to visit the site to do an inspection for valuation purposes.