All Topics / General Property / lease hold land

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of breakingout_2breakingout_2
    Participant
    @breakingout_2
    Join Date: 2004
    Post Count: 37
    March 19, 2004 - 6:15 am

    Hi

    we are looking at a positvely geared lease hold property – permanent letting.

    agent states the banks will not lend on these unless you have equity in something else as security.

    why? what is the difference in the risks?

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429
    March 24, 2004 - 9:19 am

    Breaking out, more info needed.

    Don’t go on the agents word. If you are interested, at least ask a mortgage broker what the financing is like.

    Cheers
    Mel

    Profile photo of breakingout_2breakingout_2
    Participant
    @breakingout_2
    Join Date: 2004
    Post Count: 37
    March 24, 2004 - 9:21 am

    this is breakingout O did not place this topic

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

You must be logged in to reply to this topic. If you don't have an account, you can register here.