- john_preacherMember@john_preacherJoin Date: 2006Post Count: 17
Just wondering if anyone know whether St George give out written valuations or not?Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
In a nutshell – NoRichard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
Sorry that was a sweeping answer.
No unless you sign a letter of disclaimer which should be available at the local branchbrahmsParticipant@brahmsJoin Date: 2004Post Count: 485
just a polite question john_preacher, why do you need st g’s vals?
Purveyor of Fine Finances
aka Mortgage Broker Brisbanejohn_preacherMember@john_preacherJoin Date: 2006Post Count: 17
Sorry for the delay. It’s not so much St George, it’s wondering which banks actually do. To me a written Val is a written gaurantee that the bank wont stuff you around when it’s time to re-invest into another IP.
I was asking about ST George because someone told me that they do written VALs.TerrywParticipant@terrywJoin Date: 2001Post Count: 16,213
Virtually no bank will give out vals. CBA used to even have a policy of not telling you what it come in at!
However, ANZ allow the brokers to order and receive the vals.
All lenders do written vals too.
Discover Home Loans
Sign up to my mailing list.
Just send me a blank email, with â€œsubscribeâ€ in subject line.Investor1313Member@investor1313Join Date: 2003Post Count: 26
A written valuation for mortgage purposes if requested by the bank, is undertaken for THE BANK only. There is prorbaly not much to gain by asking for a copy. In theory you would have to get the valuation firm’s written permission to recieve one.
If you decide to refinance with a valuation that has another Bank’s name on it, the second bank would not be covered anyway. This would defeat the purpose of getting a valuation for mortgage security.
I could talk till I’m blue in the face…[puke] Let me know if you want the ins and outs.