My wife and I are doing a land + build with separate contracts using Help To Buy. The land contract was signed on the 22nd April and we will be submitting the build contract to CBA for valuation and final approval in about 2 weeks, pending the builder finishing it lol. We're currently on day 8 of a 21-day finance clause and a 48-day settlement.
I'm looking for people's experiences of how long it takes to get valuation and formal approval from both CBA and HA (Bank Australia is fine too, if you used them). If you have been through this recently, preferably in the last couple of months, that would be super helpful!
The whole process feels very stressful when you build a house on the scheme and our CBA lending specialist can only give generic estimates. Any other advice/tips from anyone who has been through this would be amazing as well.
Thanks :)