The banks loan application already asks you what your assets and liabilities are. Are you seriously suggesting that it's okay not to disclose properties and debts held by other lenders?
PT, no, I am not suggesting that it's okay not to disclose properties and debts by other lenders. The scenario I described could be one where you have acquired the 10 properties with different lenders after the initial 2 with the original bank.
Regardless, your credit file will reflect all mortgages, all credit liabilities you hold up to Mar 2014 even to the bank that you borrowed from for your first 2 properties. That is my point, ALL your liabilities will be laid bare for all to see when they ask Veda for your credit file come March. The banks have been preparing their IT systems all through last year to both provide this information and receive this information to/from Veda. With computerization so comprehensive and powerful, it won't take long before all information is synched.
MTR, hoping that your particular credit provider won't be providing information to Veda is like basing your hope on a wind and a prayer, no offense. It's better to assume the worst and assume that all your credit providers are providing information to Veda and work on a strategy from there.