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Jake - congratulations you are the winner of the post of the year. Regards Shahin

Changing it from crossed to uncrossed will take more time than you think. The deal essentially needs to be re-structured, re-assessed and new mortgage documents will need to be issued. This is not something I would leave to the last minute. Regards Shahin

Your banker is wrong - you need to set it up the way I explained. Ask him why he cannot do this? Regards Shahin

Print out what I wrote and take this to your CBA MB and tell him/her to re-structure and set the loans up this way. This clean and it benefits you not the bank. Once the loan has settled I suggest you find another banker or broker who is not going to simply cross securitise you because it...

Yes. He/she said the loan is $630k and the value of the property is $740k so we are talking LMI and it is extremely rare that a lender will not order a val when a deal is in LMI. They have done a desktop val on the property and there was plenty of equity there which has later become evident...

Actually you said your existing property value is $650k so your LVR is lower @ 58.46%. Regards Shahin

Ok are you dealing with a broker or banker? They are cross securitising the properties which means they are linking the properties. You need to set up the loans as standalone facilities as follows: Property A (Value = $600k): Loan 1 = $200k (purpose - Property A) Loan 2 = $180k...

LVR = Loan to Value Ratio = Loan amount divided by security amount. So you have purchased the house and they didn't order the valuation on the purchase is that correct or was it for another existing security? Regards Shahin

Depends on the transaction type, LVR, etc. They run an APM and if the number is ok then they don't order the val. What was the LVR? Regards Shahin