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Well, it is a big4 bank, but the service we are getting is worse than what you can expect from a online provider. Well it started with a video conferencing and continuing in sending express mails with documents. I used to scan everything and email in the past. Now they are getting worse. By...

Oops. I thought things can be done easier while moving banks. I could have separated IP2 while getting loan for IP3. But the banker told separating will take more than a month. And we didn't have that much time to get finance for IP3. The bank could have helped here. They would have known...

Heavily cross securitised. Quite stupid of course. Took 106% loan to buy IP, using equity gain of PPOR. Then used PPOR and IP as well to buy another (102%). Quite a mess, but more than that. Paid salary straight into the PPOR loan, thus decreasing deductability. As PPOR is IP1 now. Now have 3...

Thanks Aaron_C and TheFinanceShop. Well, for 2 of our properties, the bank did not do any kerbside or walk-in valuations. Most probably they did a desktop valuation and was happy with it.

Hi all, When purchasing a property, if the LVR is less than 80%, the banks just take the purchase price as the valuation and move on. If the LVR is higher, the bank may get a valuation done. And the valuations are most if the times, the purchase price or may be less in some cases. But if...