PropertyInvesting.com | reido30 | Activity https://www.propertyinvesting.com/members/reido30/activity/ Activity feed for reido30. Fri, 01 May 2026 22:23:44 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4e08fc50b6ae902ee66e802db424b632 reido30 replied to the topic Questioning Broker's honesty in the forum Finance https://www.propertyinvesting.com/topic/4409999-questioning-brokers-honesty/#post-4694691 Sun, 15 Sep 2013 02:21:56 +0000 Not sure I understand exactly how this works Richard.
I have not paid any LMI at this stage as I haven't signed the construction contract yet. 
When I purchased the land I put down a 36% deposit but now that the construction costs are factored into it that 36% has turned into a 9.9%dep.
I am looking to increase the cost of the build to increase…[Read more]

]]> aed288d66a5619a1a21bf871550c6f67 reido30 replied to the topic Questioning Broker's honesty in the forum Thank you all again for your https://www.propertyinvesting.com/topic/4409999-questioning-brokers-honesty/#post-4694688 Thu, 12 Sep 2013 13:11:02 +0000 Thank you all again for your input.
Whilst I wish my broker made me aware of this when setting up the mortgage, I'll take the long view here and cop the hit.
I've decided to put a bit of my own cash into the build to bring the LMI down to a more bearable figure.

Thanks again.

]]> c04cd9cf839d0be985b2c72c4fe48af8 reido30 replied to the topic Questioning Broker's honesty in the forum Finance https://www.propertyinvesting.com/topic/4409999-questioning-brokers-honesty/#post-4694684 Thu, 12 Sep 2013 05:40:32 +0000 Thanks all.

It is very unfortunate that an insurer can manipulate a value to influence the premium. Obviously the land has already been purchased so they know I have no option other than to proceed and pay the premium.

I have just bypassed the broker and called the lender directly and they've told me that the value of the land and the build is…[Read more]

]]>