Hi Finance people,
I came across a property that states it is pre-cast concrete construction. Does this have any affect on finance options?
Thanks
Mike
Mike
Email MeHi Mike,
As long as it’s council approved, there shouldn’t be any issue.
Hope this helps?
Cheers,
EthanEthan Timor | Aligned Finance Pty Ltd
http://www.alignedfinance.com.au/
Email Me | Phone MeActive Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)
What type of property is it? Commercial tilt up is normal, residential HOUSES not so much. Townhouses from pre-cast is becoming more and more popular.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Valuers report would reveal some pertinent info so get an upfront valuation done first. Will be free if resi via a broker but could cost a few k commercial.
Colin Rice | CDR Finance
http://cdrfinance.com.au/
Email Me | Phone MePerth Based Mortgage Broker - Investment Property Finance Specialist | E: crice@cdrfinance.com.au
Thanks guys.
It’s a commercial property I’m considering.
A lot of the housing commission/ public housing in the UK is pre-fab concrete which many lenders don’t like and wont even consider so this is positive to hear.
Thanks again.
Mike
Email MeNormal as it gets then – tilt up commercial construction is the norm in Australia these days.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
It may not affect finance however there are some construction quality issues if poorly executed.
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