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Requesting Funds

All mortgage offer conditions must be satisfied and the Certificate of Title received at least 6 working days prior to the date funds are required as they will not be made available earlier.

The funds released to you will be the Loan Amount shown in Section 3. of the illustration included with the Offer, excluding any lender fees the applicants have chosen to add to the loan and the sum of any debts the applicants have chosen to consolidate. Debts that are to be consolidated will be repaid by Magellan Homeloans following confirmation that Completion has occurred.

Where a binding offer has been issued it is not necessary to contact us to confirm that funds are available for completion.