Stratum Titles - Victoria. Max LVR ?

Viewing 6 posts - 1 through 6 (of 6 total)

tommyben
Member
@tommyben
Join Date: 2007
Post Count: 3
September 20, 2011 - 6:08 am
Hi,
Does anyone know of any lenders that lend more than 80% for Stratum Titles?
Ben
Mick C
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@shape
Join Date: 2010
Post Count: 1,099
September 20, 2011 - 6:47 am
How high do you need the LVR? normally at 85% it’s still do-able with most lenders ..any higher you need to choose lenders that have their own LMI department like ANZ, CBA and Westpac; but you need to request for them to use their own and it’s not as simple, it’s common for ANZ to reject the deal and accept a simliar deal with another client; simply because the bank employees does not make the right request or never placed a Stratum Titles through before.
Regards
Mick C | Shape Home Loans
http://www.shapehomeloans.com.au/
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Same Banks. Better Rates. Served With a Passion.
Richard Taylor
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@qlds007
Join Date: 2003
Post Count: 12,024
September 20, 2011 - 7:24 pm
What lvr are you looking for Ben.
As Michael has indicated 85% fairly straight forward enough with the right lender and higher maybe possible.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
tommyben
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@tommyben
Join Date: 2007
Post Count: 3
September 22, 2011 - 12:17 pm
About 90% LVR
Mick C
Participant
@shape
Join Date: 2010
Post Count: 1,099
September 22, 2011 - 2:48 pm
90% is ok, no default on credit history? also do you have a strong employment history ie same company for more then 2 -3 years?
Regards
Michael
Mick C | Shape Home Loans
http://www.shapehomeloans.com.au/
Email Me | Phone Me
Same Banks. Better Rates. Served With a Passion.
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
September 22, 2011 - 9:33 pm
Agree with Michael 90% is doable everything else being equal.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender