I am stumped!!!
I have a client that wants to purchase 4 units on one title (i.e. all 4 units on one title). The value of the purchase is $495k and they are located in Newport, VIC (3015).
The client needs a low doc and maximum LVR. Serviceability is strong.
The maximum LVR I have found is with ARAF at 75% (and interest rate > 8.25%).
The main issue with this one is multiple units on one title.
Can anyone help? Thanks.
Cheers
Stu
Hi Stuart,
I have a couple of specialty lenders that may do this,
I will check with them tomorrow and let you know.Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Emailed you mate.
Hope it helps,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Thanks guys.
Cheers
Stu
Stuart, I’m [offtopic] here, but I see you’re online, so… thanks for your article on managing debt in API mag. It’s a very good read
kay hnry
Thanks Kay.
My next one is on negotiating with lenders. I think it pretty useful. I missed the deadline for the Sept issue so it will be out in Nov.
Cheers
Stu
hehe! Missing deadlines- ahh, yes- I know it well. So do you get in trouble when you miss a deadline? Or do they say “oh, that’s just Stuart- he can’t help it.”
kay henry
When I spoke to the editor about the article in July she said that the Sept issue was full already so I guess I didn’t really miss a deadline I committed to.
Kay, if I commit to doing something I will ALWAYS get it done on time. I never miss a deadline!
Cheers
Stu
Ahhh- good on you Stuart
) Deadlines are not really my forte.Anyway, I should duck my head out of this thread. The only way I am even qualified to be in here is because I am “broker” than you are.
kay henry
Stuart,
I have sent you a pm, with info on a couple of lenders who may be able to assist,
good luck.Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
) Deadlines are not really my forte.You must be logged in to reply to this topic. If you don't have an account, you can register here.
