I was wondering if anyone had information on where the banks will and wont lend. I have been researching certain areas for cashflow properties but would like to know where they will and wont lend. ( WA and QLD areas ). A website for quick info or list etc
Thanks
Genki Girl[biggrin]HI GG
Whilst population and post code has a bearing on lending areas this usually only applies when mortgage insurance is required.
With the majority of traditional lenders there is no boundary albeit property size i.e large acreage and remote locations might put them off.
With securitised lenders who mortgage insurer every loan then their are post code restictions.
If you have an area you would like me to check for you please feel free to give me the suburb and postcode.
If you want to take if offline as it may involve personal information please feel free to do so.
Cheers Richard
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
if you go to http://www.pmigroup.com.au and check the location wizard you can get a reasonable idea of which areas may have limitation from LMI.
Cheers
Simon Macks
Residential and Commercial Finance Broker[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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