Manage your Repayments
While the construction process is ongoing, you would need to manage your build and repayments on the loan.
While the construction process is ongoing, you would need to manage your build and repayments on the loan.
With every milestone achieved, you will receive an invoice from your chosen builder, which should be in line with the Progress Payment Schedule as per the building contract.
Repeat the above steps at every stage of the construction process until the property is complete. Providing authorization gives a confirmation that you agree your builder has successfully completed the particular stage and they should be paid for the same.