What does the bank determine as ‘Genuine Savings’?
What is ‘Genuine Savings’? This is where the lender requires you, the borrower, to demonstrate that you have saved gradually by yourself typically 5% of...Read More
The lender you are refinancing to will request a valuation report on your property to get an up-to-date market value. This valuation fee is generally paid by the lender that you are refinancing to. Your mortgage specialist will be able to confirm this before you put an application in.
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