All Topics / General Property / multiple property purchase question

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  • Profile photo of krazystylerkrazystyler
    Member
    @krazystyler
    Join Date: 2004
    Post Count: 61
    May 13, 2005 - 3:45 pm

    Can someone please identify this for me as i am currently overseas and am having difficulty, but have found an interesting deal.
    Its 4 units, group titled (all on one title) in Victoria.
    Can i do a normal lend on this or does it require a commerial loan? Or is it different with different banks.

    Cheers
    Kev

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 14, 2005 - 1:01 pm

    Many lenders will be able to finance up to 4 units on one title as residential. I was just talking to Heritage Building society about his on Friday and I think they will do up to 6 on one title.

    You probably would be able to get over 80% LVR though.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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