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maybe more bris issues but the macq, anz and cba bdms are talking about it up here with me - to the point one bdm emailed me a "how to get around it email" as they have to go back, amend it in their system and put it to a manual process. Also may depend on when timewise you order it and if a...

@euro73 - "apparently" one large firm hired a full time staff member to accept every valuation that came through valex. So once its on the system, one person just sits there and accepts every job - regardless if they can do it or not and regardless of delays. So once accepted, the only option...

Its also educating your client a bit - not all brokers run the same show. Some brokers only do loans. Others do loans, commercial, EF, Planning, Accounting, property sales etc under one roof. So it depends on what the client wants and if you can handle that transaction or you lose on it. Eg...

Had lunch with CBA the other day, they're keeping LVRs as usual (from what he advised) as they think people will pay higher interest rates to get higher LVRs. Think about it and the higher interest, the revenue in the LMI premiums and locked in client creates good business revenue for...

is there a privacy issue here? If purchasers arent aware / cognizant that they are having credit checks done on them for the provision to the vendor... whether it be a 'good' or 'not so good'...

I think your premise is correct. I'd go door knocking pretty quickly.

Hi I am trying to find out if you add or have a deck on to the second story of a house is it a (Qld) requirement to have a stairwell leading off of the deck to the ground as a fire exit? What I was told by one builder was if you had a deck on the second story that you needed to have a...

We had a OTP in Bris where one valuer valued it at contract via nab then the cba valuer valued it under. We contested it, gave the cba valuer (this is all valex) the nab val - and pointed out the cba val was using comps 4 km away where the nab was within 1km. CBA valuer still dug their feet in...

AFAIK nab policy is that if your CS payments can be shown for 6 months with no issues via bank statements and a future payment of 5 years then should be accepted. CS needs to be registered with the CSA. If the servicing works without the CS then dont know why it would have been included with...

You run through each but building equity in a PPR which you'll never rent and avoid CGT when you step up or down into the next property has appeal.

Citis 85 can be pricey on variable but throw in a fixed / variable then its not too bad when you work out the interest difference between that vs other option with LMI. Which is a choice people have to make on the day how they want to roll the dice.

depending on the deal we get CBA to do more than just a free val.

to add on - you can get most full vals for free as well as the RP Data based valuation.

Free vals for existing and new to bank on broker end afaik. not sure how branchland works.

Its an interesting point when cba on different levels charge and cant get out of it and some brokers get em free. and theres not a limited time offer on the broker side.

Its also often a case of getting a competent BDM from a bank who's wiling to put the train back back on its tracks when it falls off. My history with Westpac bdms is checkered. To be honest I think I use them 1 or 2 times a year and its moreso only for existing westpac clients. Great...

depends on your project we have a very similar deal going on in brisbane - examples lender 1 - the lesser of 75% of total development cost or 65% LVR net of GST. fees and rates lower Lender 2 - 80% plus gst cap - fees higher lender 2 gives more cash flex but... you pay for it.

Great advice Its an interesting topic because the thing that enchants people is the perceived money and bling I find. Then they find out how this may not necessarily be true in all cases and get a reality check. Theres another side entrants need to look at as well and that is share of the...

My experience is for broker originated nab direct loans - that once its set brokers cant even ring up to enquire on the loan. general nab reply is get the client to ring, we dont talk to brokers. Even if we have full signed consent forms they wont do it via call centre or whoever. Even the...

more or less full new loan application. We refi clients out to other lenders with easier switching across or longer i/o terms than 5 years. You have to remember that it is per loan. So if you have 2-3 splits on variable on IO then every time you have to jump through hoops. Think the last...