stuckinblighty

Our mortgage has been completed today,all funds supposedly exchanged etc etc but upon checking our account the Bank have not debited the deposit for the mortgage
So how the hell has the completion gone thru' ?

Should i tell the bank that i still owe them 10's of thousands of pounds ??
I'm sure they'll catch up with me in the end

Lee...totally

Sally Simpson

Enjoy your wealth whilst it lasts!

The Bloke

I took out a loan years ago, posted my life insurance policy as collateral....paid the loan and collected the policy back.....they forgot to register it against the loan.....

Rossi

If you are checking your account online - don't worry it's gone........
online banking in Australia is not live ( unless it's an online transaction), the CBA are attempting to put ALL transactions "live" this year, just had a message on my account to tell me this

stuckinblighty

Its gone from one extreme to the other,the bank have now taken 20 grand too much ...for ****s sake this really is a joke

Sally Simpson

Hope you get sorted matey!

roman_candle

That happened to me when I bought my place and the reason was because I was getting the FHOG, which doesn't go through until midnight on the day of settlement...and so the bank took what they needed before the FHOG went through, then the grant showed up and I was back where I should have been. So if you're getting the grant, that might be why? Hope you figure it out, I had a near apoplexy when I saw the balance of my account when I settled on my place!

MartinLuther

That's only about $1.50 nowadays. They're probably not worried about it.

hoofie2002

Not true - BankWest for example posts all transactions where possible in real-time;if my wife takes $50 from the cash machine it shows up on-line and at the ATM immediately. It's the same if I move money around their accounts. If I pay for something via EFTPOS it's immediate.

MartinLuther

I agree. I left CBA because there online system wasn't real time. Not had any "real time" problems with any of the other banks I've used.

Red_V_Roger

Our conveyancer asked for bank cheques for the stamp duty and their fees...then also got the bank to take them out of the morgage amount!

Geelong Gent

You bought a house in Melbourne.

Congratulations - does this mean its charm is working on you or you are that fed up with renting?

stuckinblighty

Thats what i think has happened but at no point did the bank/broker/conveyancer say this could be the case.What if i didnt has the cash to cover the FHOG ?? would the sale have fallen through ??
Friggin joke it is

stuckinblighty

Yep we have purchased and nope Melbournes 'charm' is still yet to work on me...just prefer to pay a mortgage while i'm here as opposed to paying someone elses.
I'd still rather go back to where i come from GG TBH

Lee