I have an old house on two lots, I am planning to subdivide and build two house on top of it. I need to borrow money for the development, and I have unpaid mortgage on the old house. The old house is under family trust title, trustee is pty ltd. Just wondering what kind of loan can I take for the development, like personal loan or commercial loan or mortgage? Do I have to borrow from the same lender of my mortgage ? And do I have to notify the lender of my mortgage, since the old house will be demolished. Thanks in advance for reading and hope to hear back from you soon.