My father is also a licenced builder. Would they treat a contract with him the same as any other builder or is it too close a relationship?
Also 'owner builder' and professional builder should be two completely separate entities I think but no use arguing with banks.
Peter, is there any lenders that are a good fit for owner builders and don't restrict to 40-50% of value? and will most be happy to top up to...
Jess, I was thinking I would try to draw down 80% of the TH value to start with. When I suggested this to the broker from my town I touched base...
Hi all, I'm after some advice on whether my partner and myself would be able to secure a loan to build an investment property. I would be looking...
Thanks for the replies. Yes, I'd want to value each unit as a separate property. The original valuation was quite a bit under market value so...
Hi everyone, Could anyone fill me in as to how long it takes to get a top up on a construction loan once the project is built? I'm just...
$1600m2 will probably cover the living area of the house. allow $1000m2 for the garage and about $800m2 for the deck and porch and you should be...
Ok, Thanks Taylor. It might be best to try a few low doc options first before I headed down that road.
That would be the best way to go for me as I have another similar project to go on with straight after.
Thanks Taylor, I'll have a look into that. Is there another reason to be careful when dealing with these types of lenders besides the higher...
What is the reason not to inform them of the pre sales Toby if you don't mind me asking? I thought it might help but I'm not really up to date on...
Thanks for that Tobe. I'll have a look at what they have to offer. The rate isn't such a big deal because I would only need the money for a short...
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