Hello,
I am doing a subdivision on a block i own and want to give the bank some of the resulting blocks (to the value of the block they have as security at the moment). The form i got from the bank to exchange security seems to look like a full loan application form (A&L, income etc), also asks for payslips etc! I would have thought since i was only exchanging security, not increasing my borrowings or lvr, it would be a very simple form.
Also i need the bank to present the title prior to the new titles being issued, has anyone had any problems getting the bank to do this?
Any thoughts would be appreciated.
Regards,
Smallbuyer
I am doing a subdivision on a block i own and want to give the bank some of the resulting blocks (to the value of the block they have as security at the moment). The form i got from the bank to exchange security seems to look like a full loan application form (A&L, income etc), also asks for payslips etc! I would have thought since i was only exchanging security, not increasing my borrowings or lvr, it would be a very simple form.
Also i need the bank to present the title prior to the new titles being issued, has anyone had any problems getting the bank to do this?
Any thoughts would be appreciated.
Regards,
Smallbuyer