Browse Forums Building A New House Re: Building Lexington Belle Q2 with Henley 122Jun 22, 2015 2:56 pm Building Lexington Belle Q1 With Henley in Merrifield, Mickleham. viewtopic.php?t=77094 Getting There.... Re: Building Lexington Belle Q2 with Henley 123Jun 22, 2015 2:58 pm Building Lexington Belle Q1 With Henley in Merrifield, Mickleham. viewtopic.php?t=77094 Getting There.... Re: Building Lexington Belle Q2 with Henley 125Jun 29, 2015 6:41 pm Building Lexington Belle Q1 With Henley in Merrifield, Mickleham. viewtopic.php?t=77094 Getting There.... Re: Building Lexington Belle Q2 with Henley 127Jul 15, 2015 1:12 pm Building Lexington Belle Q1 With Henley in Merrifield, Mickleham. viewtopic.php?t=77094 Getting There.... Re: Building Lexington Belle Q2 with Henley 131Jul 17, 2015 1:21 pm Building Lexington Belle Q1 With Henley in Merrifield, Mickleham. viewtopic.php?t=77094 Getting There.... Re: Building Lexington Belle Q2 with Henley 133Jul 17, 2015 2:00 pm jessicana10 did you go through a broker or straight to your own bank? I don't think your house is too much, we are building the Monterey Belle Q2 for $320 and our valuation came in over, we can borrow 100% of construction costs but we are in an old established area (KDR) so maybe the newer estates are harder to get a higher valuation ? I am building lexington belle q1 for 277 including upgrades + fixed site costs and all. But yeah its a new estate. Building Lexington Belle Q1 With Henley in Merrifield, Mickleham. viewtopic.php?t=77094 Getting There.... Re: Building Lexington Belle Q2 with Henley 134Jul 17, 2015 2:06 pm so they value it at 250? that's pretty low, I was worried ours would be low as Ive heard banks always value lower. Very frustrating. I would at least try one other bank and see how it compares. Re: Building Lexington Belle Q2 with Henley 135Jul 17, 2015 2:09 pm jessicana10 so they value it at 250? that's pretty low, I was worried ours would be low as Ive heard banks always value lower. Very frustrating. I would at least try one other bank and see how it compares. Yeah, They valued at 250. I also want to know that if i dont have any money (deposit problem) then is it still a bad thing? Am i really paying more than it's worth? Building Lexington Belle Q1 With Henley in Merrifield, Mickleham. viewtopic.php?t=77094 Getting There.... Re: Building Lexington Belle Q2 with Henley 137Jul 17, 2015 2:14 pm TiVeena Hi Yd143, which bank did go for? ANZ Building Lexington Belle Q1 With Henley in Merrifield, Mickleham. viewtopic.php?t=77094 Getting There.... Re: Building Lexington Belle Q2 with Henley 138Jul 17, 2015 2:38 pm Yd143 jessicana10 did you go through a broker or straight to your own bank? I don't think your house is too much, we are building the Monterey Belle Q2 for $320 and our valuation came in over, we can borrow 100% of construction costs but we are in an old established area (KDR) so maybe the newer estates are harder to get a higher valuation ? I am building lexington belle q1 for 277 including upgrades + fixed site costs and all. But yeah its a new estate. Hi YD, Banks do not value it at what you are paying. They value at what will they get of the house in case client defaults. And that price is usually conservative. I would recommend you to see a broker who can recommend you a different bank( with different valuation company) because lot of banks use same valuation companies. Its hard getting right valuation in new areas but changing banks can make all the difference. You can order a valuation before you apply for actual loan so you do not get too many hits on your credit file. Goodluck Building Monaco Q2 with Henley in Wollert Re: Building Lexington Belle Q2 with Henley 139Jul 17, 2015 2:46 pm Dreamz9 Yd143 jessicana10 did you go through a broker or straight to your own bank? I don't think your house is too much, we are building the Monterey Belle Q2 for $320 and our valuation came in over, we can borrow 100% of construction costs but we are in an old established area (KDR) so maybe the newer estates are harder to get a higher valuation ? I am building lexington belle q1 for 277 including upgrades + fixed site costs and all. But yeah its a new estate. Hi YD, Banks do not value it at what you are paying. They value at what will they get of the house in case client defaults. And that price is usually conservative. I would recommend you to see a broker who can recommend you a different bank( with different valuation company) because lot of banks use same valuation companies. Its hard getting right valuation in new areas but changing banks can make all the difference. You can order a valuation before you apply for actual loan so you do not get too many hits on your credit file. Goodluck I was going through a broker but he is only for ANZ. Mobile lender. now i am going direct to bank of melbourne and see what they have to offer. Thanks for this info. Building Lexington Belle Q1 With Henley in Merrifield, Mickleham. viewtopic.php?t=77094 Getting There.... Re: Building Lexington Belle Q2 with Henley 140Jul 17, 2015 6:43 pm Did they not value it as a house and land package? Good luck with Bank of Melbourne, if not, i'd do what Dreamz said. Find a good reputable broker, see if he can recommend a bank that'll be more lenient, and maybe even look into a private valuation and see what they value it as.. at least you'll have more to back your argument up if you've got a private valuation much higher than the banks. Hi, If you give a set of criteria as to what means 'good' to you, it'll give others prompts to respond. We considered Henley early on but there were two factors that… 1 11273 I do enjoy the drama:-D In his latest two videos he has started bringing security guards to site, I am waiting for the punch on to begin lol 6 45709 custom probably not. Volume, most defiantly, but spec would vary. If youre doing a knock down, there additional costs associated with that that will eat into your budget… 1 10305 |