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if you want to release equity the next day from settlement it does come down to the lender you choose and how you submit the loan. Most lenders will only take on a new valuation 3-6 month from the old valuation date. Ie A no val policy lender = a lender that will NOT carry out a...

^ Why dont you 1. Release $200,000 equity...and than apply for an 80% loan on the land = $350x0.20= use up only $70,000 + Stamp duty of your $200,000 equity... = ~$115,000 left from your equity, RATHER than use the full $200,000??? 2. Than apply for an owners occupied build loan using the...