(hey psst) - owner building and finance company

[zongatron]

Im just a friend of zongatron, thats how anonymous this question is...

Hypothetically, if i was to owner build and have a mortgage------> in the mortgage terms and conditions all structural renovation work must be carried out by a licensed builder.

Sooo, if i was to apply for an owner builders permit from the council etc.... do they have any questions in this process regarding finance on the property in question? Would by any chance they be obliged to contact the hypothetical finance company which may or may not exist.

Or as far as council are concerned I could just perhaps be doing $11000 & 1 dollars worth of landscaping???

[dazzler]

I dont think they care as its not really there problem.

Do you need a certificate of currency or something similar which may be an issue.

But I would reckon if it fell down, burnt down or flooded down the insurer would be interested

[addo]

Im just a friend of zongatron, thats how anonymous this question is...

About convincing as

This is my father speaking...

You could try an anonymous inquiry to the mortgagor. Far better than internet speculation.

I've been hunting for a long time to actually hear of anyone in Oz getting a mortgage called in (as opposed to apocryphal stories) and it just doesn't happen. So long as you're otherwise fully compliant and not jeopardising their financial position most things seem to be accepted after the fact...

[OBBob]

About convincing as

You could try an anonymous inquiry to the mortgagor.

Probably the easiest way. You'd also want to make sure you have the proper insurances to cover what you are doing. Your standard home and contents will only cover the original house until completion. So you need to bridge the gap, plus cover for public liability and for tradies that may not have the correct insurances etc ...