Written Vals

Viewing 7 posts - 1 through 7 (of 7 total)

john_preacher
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@john_preacher
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April 21, 2006 - 4:56 am
Just wondering if anyone know whether St George give out written valuations or not?
Richard Taylor
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April 21, 2006 - 9:23 am
In a nutshell – No
Richard Taylor
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Richard Taylor
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April 21, 2006 - 9:24 am
Sorry that was a sweeping answer.
No unless you sign a letter of disclaimer which should be available at the local branch
Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888
Richard Taylor | Australia's leading private lender
brahms
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Post Count: 485
April 22, 2006 - 11:16 am
just a polite question john_preacher, why do you need st g’s vals?
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
john_preacher
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@john_preacher
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Post Count: 17
April 26, 2006 - 12:32 am
Sorry for the delay. It’s not so much St George, it’s wondering which banks actually do. To me a written Val is a written gaurantee that the bank wont stuff you around when it’s time to re-invest into another IP.
I was asking about ST George because someone told me that they do written VALs.
Terryw
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@terryw
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April 26, 2006 - 3:32 am
Virtually no bank will give out vals. CBA used to even have a policy of not telling you what it come in at!
However, ANZ allow the brokers to order and receive the vals.
All lenders do written vals too.
Terryw
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Investor1313
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@investor1313
Join Date: 2003
Post Count: 26
April 27, 2006 - 10:50 am
A written valuation for mortgage purposes if requested by the bank, is undertaken for THE BANK only. There is prorbaly not much to gain by asking for a copy. In theory you would have to get the valuation firm’s written permission to recieve one.
If you decide to refinance with a valuation that has another Bank’s name on it, the second bank would not be covered anyway. This would defeat the purpose of getting a valuation for mortgage security.
I could talk till I’m blue in the face…[puke] Let me know if you want the ins and outs.
Regards
Investor1313