Phase 3: Finance & Deposit
Reservation Window
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Congratulations! You’ve just taken the first exciting step towards owning your new Heartland home.
We can’t wait for the day we get to hand you the keys to a home that has been personalised for you. Now that you’ve selected your home and paid your reservation fee, you have seven calendar days to make sure it is the right home for you and to sign your Offer to Purchase, also known as the OTP.
I’m here to answer any questions you may have during this process. It’s an incredibly exciting time, and we want you to feel informed and confident every step of the way. Although you’ve already indicated how you intend to purchase, one of the key decisions at this stage is whether you’ll be buying with cash or financing your purchase through a home loan, commonly referred to as a bond.
If you’re making a cash purchase, you’ll proceed directly to reviewing and signing the OTP.
If you’re planning to use a bond, we recommend that you first follow the pre-qualification link provided. This will give you an indication of the bond amount you may qualify for, after which you can confidently proceed with signing the OTP.
When reviewing your OTP, there are two important dates to take note of:
The first is the estimated occupation date. This is our current estimate and may shift depending on the progress of the development.
The second is the long-stop date. This is the final contractual date by which the development must be completed within the agreed timeframe.
This is an exciting decision, and I’m here to answer any questions you may have along the way. I can’t wait to see you enjoying your new home.
Let’s get started!
Congratulations on getting pre-qualified!
Now it's time to proceed with signing the OTP.
When reviewing your OTP, there are two important dates to take note of:
The first is the estimated occupation date. This is our current estimate and may shift depending on the progress of the development.
The second is the long-stop date. This is the final contractual date by which the development must be completed within the agreed timeframe.
This is an exciting decision, and I’m here to answer any questions you may have along the way. I can’t wait to see you enjoying your new home.
Let’s get started!
Congratulations! You’ve just taken the first exciting step towards owning your new Heartland home.
We can’t wait for the day we get to hand you the keys to a home that has been personalised for you. Now that you’ve selected your home and paid your reservation fee, you have seven calendar days to make sure it is the right home for you and to sign your Offer to Purchase, also known as the OTP.
I’m here to answer any questions you may have during this process. It’s an incredibly exciting time, and we want you to feel informed and confident every step of the way. Although you’ve already indicated how you intend to purchase, one of the key decisions at this stage is whether you’ll be buying with cash or financing your purchase through a home loan, commonly referred to as a bond.
If you’re making a cash purchase, you’ll proceed directly to reviewing and signing the OTP.
If you’re planning to use a bond, we recommend that you first follow the pre-qualification link provided. This will give you an indication of the bond amount you may qualify for, after which you can confidently proceed with signing the OTP.
When reviewing your OTP, there are two important dates to take note of:
The first is the estimated occupation date. This is our current estimate and may shift depending on the progress of the development.
The second is the long-stop date. This is the final contractual date by which the development must be completed within the agreed timeframe.
This is an exciting decision, and I’m here to answer any questions you may have along the way. I can’t wait to see you enjoying your new home.
Let’s get started!
It’s happening! Your new home is another step closer to becoming a reality.
This is where the journey really starts to feel real.
Our sales coordinators, attorneys, construction managers and project team are now being notified of your purchase as we continue to bring your home to life.
Depending on when you’ve purchased within the development’s lifecycle, we’ll keep you regularly updated on either the anticipated construction start date or the latest construction progress and estimated completion date.
Your next step is to pay your deposit within seven calendar days, or within the period specified in your OTP.
The deposit must be paid directly into the transfer attorneys’ trust account, where it will be safely held.
After that, you’ll need to begin your formal bond application. Approval and acceptance of your bond will be the final purchasing requirement before your purchase becomes official.
You’re almost there!
It’s happening! Your new home is another step closer to becoming a reality.
This is where the journey really starts to feel real.
Our full team, including our sales coordinators, attorneys, construction managers and project team, is now being notified of your purchase as we continue to bring your new home to life.
Depending on when you’ve purchased within the development’s lifecycle, we’ll keep you regularly updated on either the anticipated construction start date or the latest construction progress and estimated completion date.
Your final purchasing requirement at this stage is to pay your deposit within seven calendar days, or within the period specified in your OTP.
The deposit must be paid directly into the transfer attorneys’ trust account. Your funds will be held safely in trust and will earn interest while you wait for your home to be completed.
Once your deposit has been received, your purchase will have progressed to the next important stage.
We’re thrilled to be sharing this journey with you.
You’ve done it! Your deposit has been paid, and you’ve reached the next purchasing step: Submitting your bond application.
We understand that gathering and submitting all the required documents can sometimes feel overwhelming.
That’s why Heartland recommends using a bond originator to help streamline the process. A bond originator can submit your application to multiple banks, compare the offers received and help you select the option that best suits your needs.
Heartland has a recommended bond originator who is already familiar with the development and has assisted with presenting the development to the various banks. This makes the application process more efficient.
However, the choice of bond originator or bank remains entirely yours.
Please respond promptly to any requests for additional information or documentation, as this will help prevent delays with your application, and avoid exceeding the thirty calendar days your OTP allows for your bond to be approved.
Let’s get your bond application underway!
It’s happening! Your new home is another step closer to becoming a reality.
This is where the journey really starts to feel real.
Our full team, including our sales coordinators, attorneys, construction managers and project team, is now being notified of your purchase as we continue to bring your new home to life.
Depending on when you’ve purchased within the development’s lifecycle, we’ll keep you regularly updated on either the anticipated construction start date or the latest construction progress and estimated completion date.
Your final purchasing requirement at this stage is to pay your deposit within seven calendar days, or within the period specified in your OTP.
The deposit must be paid directly into the transfer attorneys’ trust account. Your funds will be held safely in trust and will earn interest while you wait for your home to be completed.
Once your deposit has been received, your purchase will have progressed to the next important stage.
We’re thrilled to be sharing this journey with you.
Well done, You’ve submitted your bond application and have reached the final approval stage of your home purchase.
Your bond must be approved within the 30-day period provided for in your OTP.
While the banks assess your application, they may request additional documents or information. It’s important to respond as quickly as possible to help prevent unnecessary delays.
It’s common for the banks to request additional documentation, but once they have completed their assessments, your bond originator will present the available offers to you.
These offers may differ in terms of the approved amount, interest rate, monthly repayment, fees and other conditions. Your bond originator will help you understand and compare the offers so that you can make an informed decision.
Once you’ve selected and accepted the most suitable offer, the bank will issue your final bond approval.
When your bond has been approved and the other relevant conditions of the OTP have been fulfilled, your purchase becomes official.
We’re holding thumbs that you receive a fantastic offer!
Congratulations! Your bond has been approved and accepted, and you are officially a future Heartland homeowner.
Whether this is your first home or one of many, there’s nothing quite like the excitement of owning a brand-new home.
This is a major milestone, and we’re so pleased to welcome you to the Heartland community.
From here, our team will continue guiding you through the next stages of your journey, including construction, occupation and the transfer of your home.
We’ll provide regular updates so that you know how your home is progressing and what to expect at each stage.
For now, it’s time to celebrate.
Your new Heartland home is officially becoming a reality!
Your reservation expired on Polaris Heart. If you had a pending reservation, it will be released and your reservation fee will be refunded.
Visit the Polaris Heart website to reserve a home.