brokers - equity release

if you have a ip with cba at a 80% lend, can you find out how much cba will value it at with out submitting a full loan application?

Cheers,

 

Yep, get a desktop val done by your broker. They have the added bonus of being very generous in some cases.

 

will cba lend against desk top val, is this normal?

 

They will up to 80% lvr via the broker channel.

 

Speak to any broker or direct to the banker, can order a AVM Automated Valuation Model (desktop). No costs, no application.

Can be used up to 80% LVR no worries

 

As @Jess Peletier mentioned, the desktops can be handy in some cases.

 

My broker told me that the CBA desktop valuation is only free if you use it within 45 days otherwise there's a $49 charge, it sounds like they have their wires crossed though?

 

Avm is completely free. For some brokers an actual val might incur a cost if it isn't used.

 

There's a couple of different valuation types on their website. The AVM is completely free, but it's essentially a watered down desktop. A driveby or full valuation costs $49 if not used within 45 days. Some brokers have this waived as well due to the high volume of business they place there.

 

A full val may cost that - not an AVM.

Cheers

Jamie