Land Developer Deposits / Finance Clause
Unless you are buying a block with cash always insert a finance clause in your offer and acceptance.
What this means is that any deposit you hand over to the land agent will be subject to finance. If you are declined finance you will be refunded your deposit.
BE AWARE though that if a broker has not assessed your deal suitably prior to you signing on your land you may not even be in a position to apply for finance.
Most times you will need to provide a copy of a Bank / Financial Institution declinal letter to get your refund.
An email or a non-eligibility letter from a finance broker often will not be enough.
