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Latest Legal Articles from Dooleys Lawyers and Solicitors. Dooley's Lawyers, Solicitors and Law Firm Blog

Can banks really do that?

Thursday, September 15, 2011

A recent article in the Sydney Morning Herald discussed a bank’s recent practice of ‘blacklisting’ certain buildings on which they refuse to lend finance. This means that whilst you have a pre-approval to borrow a specific amount, the bank may later not agree to lend you any money if your ‘perfect place’ happens to be on their blacklist. There are several reasons why a property might end up on a bank’s blacklist, which may change from time to time. Read More-->