I would like to know how the major banks look at valuations?
My current PPOR home is still been renovated and I don't want to get a full valuation until most of the work is complete. ANZ have approved an IO loan but the valuation on my home is not as much as I would have liked. So to get the finance I would like I have to let them come through and completely inspect my home to get a proper valuation. That wouldn't be so good as most of the renovations are only half finished and my home looks like a building site
Westpac have also approved me for a loan but I'm not sure yet what they would do with the valuation?
So do you think Westpac would put around the same valuation (without inspecting the home) as ANZ on it or can the banks vary in the valuations?
Are there other banks that are better in this area?
My current PPOR home is still been renovated and I don't want to get a full valuation until most of the work is complete. ANZ have approved an IO loan but the valuation on my home is not as much as I would have liked. So to get the finance I would like I have to let them come through and completely inspect my home to get a proper valuation. That wouldn't be so good as most of the renovations are only half finished and my home looks like a building site
Westpac have also approved me for a loan but I'm not sure yet what they would do with the valuation?
So do you think Westpac would put around the same valuation (without inspecting the home) as ANZ on it or can the banks vary in the valuations?
Are there other banks that are better in this area?