• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Results 1 to 4 of 4
  1. #1

    Default Refinancing a home loan where the property is a unit title (body corp)


    We are refinancing a property which is under a unit title (body corp).

    Do you know if the bank will require a PSDS (Pre Settlement Disclosure Statement)?

    From my understanding its only if you are selling the unit.

    Any idea if its refinancing?

    Thank you

  2. #2
    Join Date
    Sep 2008


    surely the bank would know?

    clearly me saying

    10 years ago a minor bank

    said it was ok in my particular circumstances

    under the law at that time

    is meaningless


    this is property

    get it right and you are set for life

    get it wrong and you are screwed for same

    if it were easy

    everyone would be doing it...
    Last edited by eri; 05-05-2019 at 08:39 PM.
    have you defeated them?
    your demons

  3. #3


    Hi Eri,

    As per the broker, the new bank is not requiring it.

    Our solicitor for refinance informed us that its suddenly needed when we informed them 2 weeks before settlement that the house is under body corp.

  4. #4
    Join Date
    Sep 2008


    yeah, i hate that too

    when various professionals can't give you consistent advice

    so ask the people who know

    the bank

    or rely on a defence of plausible deniability
    have you defeated them?
    your demons


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Property on unit title
    By Alexy in forum Property Investment (NZ)
    Replies: 9
    Last Post: 06-03-2018, 10:47 AM
  2. Unit title on property with land - responsibility for repairs
    By middleground in forum Finance, legal and tax (NZ)
    Replies: 3
    Last Post: 08-12-2016, 05:03 PM
  3. Replies: 1
    Last Post: 16-04-2015, 08:47 AM
  4. Good on you body corp, unit title act 2010
    By chhj in forum Property Investment (NZ)
    Replies: 10
    Last Post: 10-11-2014, 12:18 PM
  5. house with body corp?
    By turneg01 in forum Property Investment (NZ)
    Replies: 3
    Last Post: 05-04-2013, 10:52 PM
  6. Body Corp Insurance for Unit Title Dwellings
    By Dugster in forum Finance, legal and tax (NZ)
    Replies: 5
    Last Post: 15-05-2012, 07:09 PM
  7. Body Corp Fees!
    By islandzac in forum General (NZ)
    Replies: 12
    Last Post: 27-05-2009, 09:37 PM
  8. Setting up a body corp?
    By Volatile in forum Property Investment (NZ)
    Replies: 1
    Last Post: 06-05-2007, 08:37 PM
  9. Body Corp fees
    By Julian in forum Commercial Property (NZ)
    Replies: 7
    Last Post: 26-09-2006, 03:54 PM
  10. Another really good property search engine
    By Marc in forum Property Library links
    Replies: 0
    Last Post: 15-10-2003, 08:36 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts