Hi,
I intend to purchase an off-the plan property in QLD with settlement in more than 12 months (expected growing market ?!). I am desperately shopping around for a deposit bond that would cover the 10% (27k). However I am always told that I can't get any if I don't show equity in an existing property. This is my first investment purchase and don't have any equity in a property. My serviceability is far sufficient to cover the purchase cost .
Does anybody could tip me a financier/lender/mortgage broker that would provide a deposit bond only based on my serviceability.
cheers.
Phil.
I dont necessarilly agree with your MB.
As long as you can show you have sufficient funds to complete you should get a long term deposit bond.
Richard Taylor | Australia's leading private lender
Hi Richard,
thanks for your comment I 've found the solution with Genworth.
cheers.
Phil.
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