BradChapman replied to the topic New Low Docs v Security issue in the forum The Treasure Chest 22 years, 6 months ago
Picking up on Mark’s comment about commercial property being viewed as higher risk because of its specialised nature:
Low doc/No doc loans are now available up to 90% of the properties value (the non conforming version) or 76% on Mortgage Insured Products (most of the market). These are predominantly written by lenders who don’t have com…[Read more]