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Based on those figures - servicing will not be an issue. Regards Shahin

Your plan is good and Westpac is a good lender. I am unsure as to why Homeside are asking for this information but it must have been something you said to set it off. They cannot do anything if servicing is an issue as you are not increasing the limit of the liability. Westpac's servicing is...

That is very strange that they are asking for this information. Whether you refinance the land or not does not have any bearing on your ability to service the loan. Westpac is fine and their servicing is good. You should be able to get the loan turned around in 2 working days with them. Re...

I hear you. Really easy solution. Step 1: Refinance as a land loan only. Doing the refi as a construction is just pointless and going to take longer than you need to spend. Draw upon the equity for $11k and repay Homeside. Step 2: When refi kicks in Homeside will tak the $11k and release...

Lets get this straight - you have a property which is at 90% LVR. You have subdivided this property so you have 2 titles? Homeside has valued the first property and its $11k over the 90% - is that correct? Regards Shahin

No to both questions but they will order a valuation. This is actually not very complex but it can be if you take the wrong steps. You can order a val upfront, do the servicing upfront so do this before taking formal steps. I know you are in a hurry but a) these steps wont take long and b) do it...

You actually have a few options depending on a few things. The first thing is to determine your servicing upfront - you do not need to submit an application to determine this. Your broker can do this for you. Regards Shahin