All Topics / Finance / Bank Revalue?

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  • Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513
    June 26, 2012 - 10:54 am

    Do all banks require you to get a new valuation on your property every few years or do some banks not bother?

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    June 26, 2012 - 11:42 am

    No – it doesn't normally happen.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: info@passgo.com.au

    Profile photo of jonmardelljonmardell
    Member
    @jonmardell
    Join Date: 2010
    Post Count: 20
    June 27, 2012 - 6:15 am

    second what Jamie said. Residential no, commercial or business borrowings sometimes yes with some specialist lenders.

    Profile photo of WhatIfWeFinanceWhatIfWeFinance
    Participant
    @whatifwefinance
    Join Date: 2009
    Post Count: 58
    July 8, 2012 - 1:33 am

    Normally no. Sometimes yes for commercial or special circumstances and when you increase lending yes as well

    Profile photo of CatalystCatalyst
    Participant
    @catalyst
    Join Date: 2008
    Post Count: 1,404
    July 11, 2012 - 3:31 am

    Only if you wanted to borrow more money using the property as security.

Viewing 5 posts - 1 through 5 (of 5 total)

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