We are considering buying a new PPOR - we'd sell our existing PPOR into our LTC and eventually sell several of our existing rentals to reduce our borrowings.
We have all our mortgages with ANZ and have a business banker. I've just been told by him that it will take a week ie next Wed before they can give us a yes or no. Does that seem reasonable to people? It doesn't to me - but I'm maybe over-reacting, because I'm nervous that someone else will offer on the property in the meanwhile (this is a heart not business decision).
Our existing LVR is about 50%
After purchase of the new PPOR it would be at worst it would be 78% reducing to 66% once we'd sold the properties we wish to move on.
We have all our mortgages with ANZ and have a business banker. I've just been told by him that it will take a week ie next Wed before they can give us a yes or no. Does that seem reasonable to people? It doesn't to me - but I'm maybe over-reacting, because I'm nervous that someone else will offer on the property in the meanwhile (this is a heart not business decision).
Our existing LVR is about 50%
After purchase of the new PPOR it would be at worst it would be 78% reducing to 66% once we'd sold the properties we wish to move on.
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