Heritage overlay properties

Discussion in 'Loans & Mortgage Brokers' started by melbournian, 17th Feb, 2016.

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  1. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    i was going through a few inspections which had heritage overlays no much restrictions but I read some lenders do not prefer to lending to properties with heritage overlay ?
     
    Last edited: 17th Feb, 2016
    melbournian, 17th Feb, 2016
    #1
  2. Propagate

    Propagate Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,495
    Location:
    Melbourne
    Our house has a heritage overlay, we've had 2 different banks provide the finance over the years and several equity releases back up to 80% - has never been an issue so far. Might be different over 80% or in different postcodes, but for us it has never been a problem.
     
    Propagate, 18th Feb, 2016
    #2
  3. Gockie

    Gockie Life is good ☺️ Premium Member

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    18th Jun, 2015
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    14,790
    Location:
    Sydney
    No issue with mine either but we weren't taking on a loan of more than 80%. Seems that the home insurance through the bank is extremely reasonable too, which surprised me.
     
    Gockie, 18th Feb, 2016
    #3
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