Soon I will start looking for our PPOR.
I have been told that it would benefit me if I can have the written contract price 50K to 150K over the actual price paid, providing the Vendor is OK with it.
From what I understand this will allow me to lend alot more LVR wise to the point where I may not have to put any cash of my own in.
Is there anyone with experience of this? Would the contract price co-erse a bank valuer to up his valuation closer to that of the contract?
Ragards
Matt
I have been told that it would benefit me if I can have the written contract price 50K to 150K over the actual price paid, providing the Vendor is OK with it.
From what I understand this will allow me to lend alot more LVR wise to the point where I may not have to put any cash of my own in.
Is there anyone with experience of this? Would the contract price co-erse a bank valuer to up his valuation closer to that of the contract?
Ragards
Matt