Browse Forums Building A New House Re: Greenvale Gardens, Greenvale VIC - Boutique Homes 58Aug 05, 2013 11:26 am Hi, We are building the vienna 21 by Porter Davis on Posy st. Land settling in November.. Was originally September but has now been delayed. Same as most things in the estate.. such as the traffic lights and parks etc. I just hope by the time we move in it looks somewhat established. We had a slight problem with the valuation. Came in $10,000 under but we got in valued again with another lend and it was spot on. Makes you wonder how they can vary so much, Lender to lender. We also had a problem with the LMI with QBE. They declined to insure the house as they couldnt see any history of the resale of similiar properties in Greenvale.. Dont understand how it works. But i have recently driven through the estate and seen 6 of the Vienna's built - almost finished. Just wondering has anyone else had any problems with the LMI? We are first home buyers and our credit rating is fine.. Didnt lie about any credit cards etc. They said we where fine, They just didnt feel the house was safe to insure..? We where going through Bank West. But we have just applied with ING and they use Genworth.. Our broker seems to think we should fine. Cheers Re: Greenvale Gardens, Greenvale VIC - Boutique Homes 59Aug 05, 2013 1:20 pm Jassem91 We had a slight problem with the valuation. Came in $10,000 under but we got in valued again with another lend and it was spot on. yeap. similar nightmare to what i am experiencing at the moment. Trust me it is very very unsettling. We have decided to dispute the valuation but i am not holding my breath.... Re: Greenvale Gardens, Greenvale VIC - Boutique Homes 60Aug 06, 2013 5:04 pm Yeah there isn't much you can do except get it revalued with another lender. But that just puts you back at the start and you then have to re apply etc. Such a head ache. We are really at the banks mercy... Or in my case the mortgage insurers. I am hoping my next valuation comes in even and our LMI is all fine.. Fingers crossed. 10 16438 I have posted this before: We hired Darbecca to do every stage inspection, and I strongly recommend them to anyone that asks me. They were amazing. Thorough reports… 2 5217 |