Hi Guys

Yes Benny worth the second opinion in this case for sure.

Have moved forward with the sale, unconditional next Tuesday with settlement & renovations starting straight after Easter.

Cheers

S

The refinance settles next week with the new lender.

Hi Ethan

Totally agree, it is very poor service and extremely lazy. It was not a hard decision to make.

The loan is being set up as three separate loans. 1 fixed 2 Variable & 3 the equity deposit. As I understand it I just need to ensure it does not offset interest on the the PPOR.

Thanks

S

Thanks Richard

That has crossed my mind.

Do situations like this arise often? Seems to be a funny way to run a buisness.

Cheers

S

Thanks For the reply Benny.

Terry +.20 -.10 on fixed & +.10 on variable (I was going 50/50). Matched rate on IO equity release. They are good rates, well below advertised.

Their Valuation has come back 5k higher than ING. What really gets me is no valuation was done when I was told my property was valued at 2014 purchase price, like they were…[Read more]

Hi Alter

Have valuers visited the property & returned valuations inline with the above post? I have had brokers & banks speculate over the phone re valuation on my PPOR. Once the Valuers visited the property I knew exactly what I had to work with.

Edit.. A valuation requested by a broker from a lender, is this what you are calling a “broker…[Read more]

Hi Alter

Have valuers visited the property & returned valuations inline with the above post? I have had brokers & banks speculate over the phone re valuation on my PPOR. Once the Valuers visited the property I knew exactly what I had to work with.

S

Hi Ajay

Thanks for the reply.

I had a termite inspector come look at the property the next day. He took one look at the spot the building inspector claimed termite activity & said “Na that’s water damage”

He gave the property a good going over and got up into the roof, something the first (much younger) inspector did not do.

He said it was the…[Read more]

Hi Benny

Thanks for the reply. I have to admit just hearing the word got me panicking, however with a clearer head this morning I have booked another inspector to have a look tomorrow. the house is on a slab so no inspecting under that ;)

I am somewhat bothered that the inspector didn’t go into the roof cavity, he claimed first that it was…[Read more]

Hi Benny

Thanks for that, I do have a broker who unlocked 50k in equity from my PPOR through a refinance as my bank (NAB) was telling me the house was still valued at purchase price two years earlier. I am quite aware of the market in my area & I knew they were just being lazy / extra conservative. I had bought well & the aria had 7% increases…[Read more]

Hi Benny

Thanks for that, I do have a broker who unlocked 50k in equity from my PPOR through a refinance as my bank (NAB) was telling me the house was still valued at purchase price two years earlier. I am quite aware of the market in my area & I knew they were just being lazy / extra conservative. I had bought well & the aria had 7% increases…[Read more]

Hi Benny

Thanks for that, I do have a broker who unlocked 50k in equity from my PPOR through a refinance as my bank (NAB) was telling me the house was still valued at purchase price two years earlier. I am quite aware of the market in my area & I knew they were just being lazy / extra conservative. I had bought well & the aria had 7% increases…[Read more]

Thanks Guys

I have passed on the reno property & i’m now looking at property’s at a lower price point so the issue resolved itself.

Cheers

S