Hi all,
Just wondering if anyone had some basic information on Bank bond/guarantee.
Our situation is: we're refinancing our current PPR, using the equity to pay off other debts, and using some of the remainder as a deposit for another property (which will be our PPR, keeping current PPR as investment)
...it's only today I found out there is a charge of $320 for the priveledge of using a bank bond/guarantee. I'd like to know if this is a normal occurence (the charge) from people who have used these before. Our broker has only just told us about this and this has been added to the list of poor service items from this particular broker.
...any info would be appreciated.