Thanks for your replies everyone.

Richard – we are Australian Citizens in the UK, the lender we have used is St George and we went through a broker. Our broker has advised us that St George will go to 100% .. although we are not going for this amount. Our broker tells us that they have a designated team that handles o/s loans.

We have been…[Read more]

Thanks for your email Elka,

Yes you are correct, the contract is subject to finance, building and pest inspections. The settlement agent takes care of the conveyancing from what I gather. The contract of sale will be forwarded to us on Tuesday to be submitted to the bank. I’m just unsure at what point we sign the contract …

I’m guessing we…[Read more]

Stuart

Feel free to vent ![biggrin]

In my time as a residential valuer (I now value gas pipelines, substations, docks – lg ind pty), driveby vals were not popular, even discouraged by the industry body – but were thought to be safe for loans with low borrowing. Unfortunately, I cannot comment on each banks valuation policy.

You’ve have had a…[Read more]

Bobby

I agree with you.. If the valuation was instructed by the bank they are within their right to say no – as they were the party who instructed the valuer, not the home owner.

On the other hand, I do know of some banks, more lenient ones, who have no problem providing the owner with a copy.

To be honest, the valuation is for mortgage…[Read more]

Hi All

I’m new to the forum – and being a property valuer I thought I might come on and defend the minority here !

Drive-by valuations are usually performed if the loan to value ratio is lower than 80%. There are various other reasons they are used.. One thing came to mind when I read your post … Did you buy off the plan ??? You may have paid…[Read more]