All Topics / Finance / %106 or %100 Loan to trust

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  • Profile photo of aceapaydinaceapaydin
    Participant
    @aceapaydin
    Join Date: 2005
    Post Count: 1
    July 28, 2008 - 11:32 pm

    Hi guys
    does anyone know of a lender willing to give %106 or %100 loan to a trust.
    My mortgage broker says there is no lender will lend %100/%106 to a trust

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    July 29, 2008 - 12:49 am

    What about St George – they used to do 100% loans.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    July 29, 2008 - 1:22 am

    Terry is correct that the Dragon still lends to Trusts however with one of their no deposit products if the property is for investment they require evidence of external assets such as property, cash etc.

    Richard Taylor | Australia's leading private lender

    Profile photo of god_of_moneygod_of_money
    Participant
    @god_of_money
    Join Date: 2008
    Post Count: 970
    July 29, 2008 - 12:52 pm

    How about 106%? Any lender that still lending that high LVR?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    July 29, 2008 - 9:42 pm

    GOM….No been and gone and packed their bags some months ago.

    Richard Taylor | Australia's leading private lender

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