Home Loan for Studio Apartment

Discussion in 'Loans & Mortgage Brokers' started by Sir Savien, 27th Jan, 2019.

Join Australia's most dynamic and respected property investment community
Tags:
Page 2 of 2
  1. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    1,658
    Location:
    Sydney
    If at the time of submission the property isn't on the register (which this specific property location isn't) then there are no restrictions.

    Westpac and St George keep a record of the properties they approve in the building and update the spreadsheet regularly. Once they have hit their quota or realise there is an issue with the building (such as student accomodation building) then they will add it onto the register.

    Its very rare that an OTP is going to be added onto the register until people start applying for loans, valuations are done and the lender hits their threshold for units financed in the building.
     
    Shahin_Afarin, 28th Jan, 2019
    #21
    tobe likes this.
  2. Waterboy

    Waterboy Well-Known Member

    Joined:
    29th Aug, 2015
    Posts:
    2,815
    Location:
    Denial is Not a River in Egypt
    For a Studio Apt? Is it made of Gold? :eek:
     
    Waterboy, 31st Jan, 2019
    #22
Page 2 of 2