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  1. RumpledElf

    Selling a cross financed IP

    It doesn't matter what your LVR is, the bank will want you to keep it at that. I'm disputing my valuation at the moment, we have a big sheet of RPdata here I sent the bank and the lowest sales on there - ie, higher than our valuation - are all tagged 'poor' or 'very poor'. Ours is more in...
  2. RumpledElf

    Selling a cross financed IP

    We just uncrossed our loans with much pain and expense and the new broker we got referred to is trying to get us to move both loans to a new bank and cross them again. This peeves me something severe. His argument is the bank doesn't want to lend the full value of a transportable. We have a 40%...
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