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  1. W

    Derelict Property finance - Melb Metro

    You are right. Our son pushed for a different valuer but the bank would not look at that option. It doesn't matter as they were only going to pay me back and that will happen once they do their big renovation and can get it financed. However, without family money they would have been in a...
  2. W

    Derelict Property finance - Melb Metro

    Our son's recent purchase hit troubles when the valuer refused to place a value on the house due to a few floorboards missing, and obvious old termite damage. At time of the valuation it still had a kitchen and bathrooms. So, with the bank not prepared to assign any value at all, they lent only...
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