80% LVR on commercial finance

Discussion in 'Loans & Mortgage Brokers' started by opal3259, 24th Dec, 2015.

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  1. opal3259

    opal3259 Well-Known Member

    Joined:
    13th Jul, 2015
    Posts:
    144
    Location:
    Melbourne
    Well... it was a saga, but ended up getting this one over the line eventually.

    At the end of the day - all it took was the 'right' valuation from a different valuer - along with a very persistent banker on the other end.

    Managed to get 90% LVR with no LMI as well :)

    Moral of the story... be very very careful when buying a site with plans and permits - even if you just want to live in the house and have no intention to build on the site.

    A lot of people are going to get caught out.
     
    opal3259, 28th Jan, 2016
    #41
    Phantom and Westminster like this.
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