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Hiya Many lenders have a no val policy for property below 400-750 k where there is an "on market transaction". This means that a valuation is NOT done and the market price is determined by the contract price, with contracts up to 2 and 3 years old. There are instances where you dont...

Hi Kev Fair comment. 2 points. Rarely will a major lender do a val in TODAY's climate, at sub 500 k in major cities. But yep, with a change in the market there is some risk there, especially in a 3 year settlement. In legal terms, the same margin call issue applies on most settled...

Hi Nigel OTP is an interesting thing. Its like the person that says I couldnt possibly do that XYZ uni course because it will take 4 years. Ill be 4 years older then....... but they will be four years older even if they dont do it. Whether you make a purchase with a bond today for a...