All Topics / Finance / LOC query

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  • Profile photo of wullahwullah
    Participant
    @wullah
    Join Date: 2004
    Post Count: 12

    Can I get an LOC over my share of equity in a property held in a tenants-in-common arrangement?

    blog http://www.pollux.biz/charttv

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Subject to serviceability and all of the parties agreeing and signing the application then there is no reason why you can access your equity with a LOC.

    Usually the LVR limit would be 80% without LMI or 90% if you are happy to pay the premium.

    Cheers

    Richard Taylor
    Residential & Commercial Finance Broker
    100% Finance on selected properties in the USA.
    Email us to be added to our mailing list.
    [email protected]
    Ph: 07-3720 1888

    Richard Taylor | Australia's leading private lender

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