A word of caution – the range of lenders willing to assess you on a “lo-doc” basis will vary widely depending upon the size, location and zoning of the property you propose to purchase – also whether the “farm” will be income producing or not.

Different lenders each have different guidelines, and the amounts they will lend relative to the value of the security properties, together with the interest rate they will charge you, will vary widely.

The Golden Bay property should present no problems, as it sounds like a standard residential investment property, and as such should be an acceptable security to a lender. The acreage you own, and the property you propose to buy, however, will neccessitate some research on the part of a licensed & reputable broker.

Adrian Feltham
Principal
Mortgage Mentors Australia