The situation
A buyer had bought land in 2024 that was due to settle in March 2025. The settlement date moved, and some emails were missed along the way.
The challenge
By the time he contacted me, he had a penalty notice: settle within 2 weeks or pay penalty interest of 18% on top of the purchase. He had also recently changed jobs, which many lenders see as a risk.
What we did
- Went through his employment in detail to show the change was a step forward, not a risk
- Found a lender on our panel that would make an exception for the job change, offered a competitive rate and could turn the file around quickly
- Prepared and lodged the application the same day
The result
Formal approval came through the same week. He settled on time and avoided the penalties.
“You help me secure my land on time otherwise I had to pay penalties.”
What this means for you
If your land is about to settle and the finance isn’t sorted, don’t wait. The sooner the file is lodged, the more options you have. If this sounds like your situation, book a free 15 minute call.
Names and some details have been changed to protect the client’s privacy. Every situation is different, and your result will depend on your own circumstances and the lender’s assessment. General information only, not credit, financial or legal advice. Sklupple Pty Ltd (ACN 676 755 990) trading as KK Talks Finance is a Credit Representative (CR No. 569266) of Australian Finance Group Ltd (ACL 389087).