Just wanted to get some opinions on this one.
I have a loan using four properties as x-coll. This fixed rate loan is about $1.5m and still has about two years to go. LVR is approximately 60%. I want to sell one of these properties but keep the loan amount the same. Removing this property would effectively change the LVR to just under 80%. Do you think the bank will agree to this?
Cheers
Andy
I have a loan using four properties as x-coll. This fixed rate loan is about $1.5m and still has about two years to go. LVR is approximately 60%. I want to sell one of these properties but keep the loan amount the same. Removing this property would effectively change the LVR to just under 80%. Do you think the bank will agree to this?
Cheers
Andy