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Bridging Finance

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You may go ahead with the {purchase, building, enlargement, completion, modification and repair} of the home before receiving your Certificate of Entitlement.  You could then use the DSH loan to discharge, or partially discharge, borrowings raised to {buy, build, enlarge, complete, modify and repair} the home.  Any borrowings must be secured against this property.  If you decide to follow this course, I strongly suggest you contact Westpac first, to determine whether you meet its lending criteria and to discuss financing options.

You cannot use the DSH loan to reimburse your own expenditure if you {buy, build, enlarge, complete, modify and repair} the home without securing a debt over the property.