All Topics / Finance / Vendor Finance

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  • Profile photo of bullseyebullseye
    Participant
    @bullseye
    Join Date: 2005
    Post Count: 2
    December 20, 2005 - 3:26 pm

    Hi All,
    Does anyone know of a lender who deals in Vendor Financing? We are in Perth.
    Thanks

    Profile photo of bullseyebullseye
    Participant
    @bullseye
    Join Date: 2005
    Post Count: 2
    December 20, 2005 - 3:54 pm

    Hi again,
    After thinking about my last post, i guess its in everyones best interest if i explain my situation.
    My Boyfriend and i are buying a home for $360,000. $250,000 to be paid at settlement, and the remaining $110,00 to be paid mid 2007. The vendor is very happy about the situation. It is a private sale between the 3 of us, and it suits us all fine.The Banks wont touch us, as they are worried we arent going to pay up. We have an excellent credit history, and we have a deposit. Can anyone suggest anywhere that will lend us the money? More to the point are there lenders out there who actually deal in Vendor financing, and understand it?
    Thanks
    Pauline

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    December 21, 2005 - 12:59 am

    I have spoken to a few lenders about this before. Bankwest, Adelaide Bank and Liberty Finance are some that have indicated they will look at these sorts of deals.

    Terryw
    Discover Home Loans
    Parramatta
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 3 posts - 1 through 3 (of 3 total)

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