Finance in Mining Towns

Discussion in 'Loans & Mortgage Brokers' started by smallbuyer, 18th Jan, 2017.

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  1. smallbuyer

    smallbuyer Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    405
    Location:
    WA
    Does anyone have any news or views on the how is like to get finance in mining towns at the moment. In particular WA mining towns like in the Pilbara.
    Is 80% no problem?
    How are vals coming in?
    Any lenders totally staying away?

    Cheers,

    Smallbuyer
     
    smallbuyer, 18th Jan, 2017
    #1
  2. Yson

    Yson Well-Known Member

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    Location:
    Sydney
    I believe nab said No a mth ago n I not to sure about others
     
    Yson, 18th Jan, 2017
    #2
  3. Blacky

    Blacky Well-Known Member

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    Location:
    Bali
    CBA is probably your best bet.
     
    Blacky, 18th Jan, 2017
    #3
  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Location:
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    CBA has a clandestine list which some peops have access to

    they will do the loans at 100 % deposit ; )

    ta
    rolf
     
    Rolf Latham, 18th Jan, 2017
    #4
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  5. smallbuyer

    smallbuyer Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    405
    Location:
    WA
    Is it really that hard to get a full doc 80% lvr loan their? Obviously vals maybe a dicey factor but to have banks just say no to 80% of whatever low val they get is pretty harsh.
     
    smallbuyer, 19th Jan, 2017
    #5
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