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Westpace Progress Payments Information

Progress Payments

The Builder will send you invoices throughout the build for payment. These are known as Progress Payments. The Builder will send you an invoice every time one of below stages is completed.

  • Deposit
  • Base
  • Frame
  • Lockup
  • Fit out or Fixing
  • Practical completion

Process for Making Payments

1. Builder emails the client the Invoice requesting payment

2. All applicants on the loan to sign the invoice. Sign anywhere on the invoice – (ensure your signature is clear and matches the original Home loan Application Form)

3. Complete and sign the WESTPAC Progress Payment Authorization form

4. Scan the signed Invoice PLUS the completed and signed WESTPAC Progress Payment Authorization form to progressdraws@mortgage.westpac.com.au

5. In the subject line of your email type your home loan application number ( Your Mortgage Broker will provide you this number)

6. Email the builder to advise you have sent the invoice to the bank for payment.

Keep an eye on your home loan balance on internet banking as when the invoice has been paid, your home loan balance will increase.

WESTPAC can take up to 5 business days to process an invoice – If the Invoice hasn’t been paid after 5 business days call WESTPAC direct to check the status.

WESTPAC 1300 367 483