Dear <<First Name>>,

With Christmas and New Year fast approaching, we are communicating the banks cut off dates for pre-Christmas property purchases, settlements and refinances.

Please refer to timeline below for pre- Christmas holiday cut off dates:

• For new property purchases, applications must be submitted to the lender by close of business Friday 8th December 2017.
• All executed loan documents for purchase Settlements, Drawdown and Refinances must be sent back to the bank by Monday 11th December 2017, to enable settlement to occur by 22/12/17.
• For External refinances, please allow additional time as these dates will be impacted by the service levels/retention periods of the other financial institution (i.e. 10-21 days).

Please also note that the banks will be operating on skeletal staff over the December period so turnaround times will vary from lender to lender.

For those clients who are looking to purchase a new property between now and the Christmas holidays. Simon would recommend looking at the following terms for the finance and settlement dates:

1. Finance Approval: after Tuesday 9th January 2018
2. Settlement Date - 28 days from finance approval

Our office will also be closing on Tuesday 19th December 2017 and re-opening on Tuesday 9th January 2018.

We appreciate your support in adhering to these timeframes to meet and satisfy our customers requirements during this peak period.

Thanks,

Simon Chesson
Director