Hi guys,
Is anyone familar with a lender that is particularly good with construction loans?- preferably above 90+% LVR and the ability to choose the panel valuer.
All depends on where the property is located and 101 other factors.
Certainly unlikely to be able to choose the valuer maybe choice from a valuer on the panel.
Can think of a couple of lenders who will allow that but you pay the valuer direct and arrange for the report to be assigned to the lender.
90% + Lvr will depend if it is for owner occupation or investment.
Both are possible but i can think of 1 lender who will insist on P & I even if it is an IP where the Lvr is > 90%.Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Thanks for your response Richard- it's investment and looking for interest only, the location is in the greater Rockhampton area. Other than firstmac@ 80% and PFG @ 90% do you know of any lenders?
Yes can think of a couple but will depend on the mortgage insurer and how your credit score comes up.
Why do you need to be able to choice the valuer.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Really, which ones?
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