Bought off the plan land in 2014 for $675k. Land is now titled, and settlement is due in 2 weeks time. And I just lodge finance application today with westpac...yes i know, my bad Got a builder quote for $420k, and I got the plans. But the earliest colour selection appointment is in 2 weeks time. Houses in the area sold around $1.2-$1.5 mill. Hoping that I could borrow 80% of the market price. Should I get a building contract in order to get 80% of the market price? If I cannot get the building contract in time, can I just give the plans and the quote? Please advise what's the best thing I need to do. This would be an investment property btw.