Trogdor,
They do full valuations every few years with bank bills (~3 years). Obviously to check the value and whether you still have a tenant in there. This will take into account capital improvements if they are yours and not the tenants'.
Aa for the reviews, the bank will want to see everything. Your latest tax returns, your BAS, ATO running statement (so they know you don't owe money to the ATO). They don't necessarily run servicing but if they think that your financial position has deteriorated significantly then they can ask for a reduction of the LVR or in worst case scenario call the loan in.
As for going 50% in case you need to go lo/no doc - this is possible but if you were so afraid of the annual review having such a large impact on you then I would question buying the property in the first place.
They do full valuations every few years with bank bills (~3 years). Obviously to check the value and whether you still have a tenant in there. This will take into account capital improvements if they are yours and not the tenants'.
Aa for the reviews, the bank will want to see everything. Your latest tax returns, your BAS, ATO running statement (so they know you don't owe money to the ATO). They don't necessarily run servicing but if they think that your financial position has deteriorated significantly then they can ask for a reduction of the LVR or in worst case scenario call the loan in.
As for going 50% in case you need to go lo/no doc - this is possible but if you were so afraid of the annual review having such a large impact on you then I would question buying the property in the first place.
