I am currently at the limit for servicing my debt. Therefore looking at lo doc type loan.
If I try to refinance, (increasing borrowings) at 80% valuation, can I impress the bank in that all the 4 loans with them work out to 70% loan/val ratio after refinance. Total loans/val is 65%.
Bank does not seem too interested in a valuation of my property to be refinanced, but then I have not told them about my DSR.
This sounds like a question for Rolf. (or someone equally knowledgable) Is that possible?
Stirling
If I try to refinance, (increasing borrowings) at 80% valuation, can I impress the bank in that all the 4 loans with them work out to 70% loan/val ratio after refinance. Total loans/val is 65%.
Bank does not seem too interested in a valuation of my property to be refinanced, but then I have not told them about my DSR.
This sounds like a question for Rolf. (or someone equally knowledgable) Is that possible?
Stirling