I received an email from my Mortgage Angel (sweet, eh?!) this afternoon to say that CBA required a further 2 documents and then they would release their Authority to Commence Construction. CBA need.....
1 )
Builders Contract of Works Insurance, showing:-
Insurance amount equal to or in excess of the Building Contract Price.
Name of property owner and / or the Building Company
Construction site address or stating `Anywhere in Australia'.
Expiry date of policy.
2 )
Builders Public Liability Insurance, showing:-
Minimum $5 million.
Expiry date of policy.
Construction site address or stating `Anywhere in Australia'.
Now of course, the timing of this was not great. EBH were not contactable at 3:30pm this afternoon via phone or email so I can only suspect their well deserved break started before COB today! We will now have to wait until EBH are back on deck on January 7 to forward to the bank. At least we know, CBA will send the Construction advice to us as soon as they receive these documents.