Frequently asked COVID-19 questions #7| How are property values being affected?
So whilst we’re not entirely qualified to answer questions regarding valuations of property, we do see valuations as a part of the lending process being returned. Valuations will still be completed by independent valuers so in most circumstances the valuer has no affiliation with the actual bank. They’re an independent company. So the way they […]
Continue readingFrequently asked COVID-19 Questions #6 | Will pausing repayments affect my credit file?
So the basic answer for this one is no. It won’t affect your credit file in any way. We’ve had confirmation from almost all lenders not that they won’t be lodging any black marks during the COVID-19 pandemic deferrals. They also won’t be lodging anything on the internal credit score. So some banks have an […]
Continue reading