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Mortgages for the rentals

Discussion in 'Property Management' started by JeflinJohn, 27th Sep, 2016.

  1. JeflinJohn

    JeflinJohn New Member

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    Hi there,
    I am looking for mortgages for rental apartments. Can I get one? I have planned to do business with rental apartments. What are the documents I have to produce to get the mortgage?
     
  2. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Canberra, Brisbane and Sunshine Coast
  3. JeflinJohn

    JeflinJohn New Member

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  4. Scott No Mates

    Scott No Mates Well-Known Member

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    You can't mortgage what you don't own. Subletting may not be illegal but could breach your lease.
     
  5. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    These are apartments in Canada and this is an Australian based property forum. Someone might here might have some experience in Canadian property and finance, but you're probably asking in the wrong place. :(
     
  6. Perthguy

    Perthguy Well-Known Member

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    No.

    Best read your lease agreement for the answer to this question.
     
  7. Terry_w

    Terry_w Structuring Broker and a Structuring Lawyer Business Member

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    A mortgage is a form of security.

    I think you mean 'loan' - yes you can get a loan without giving a mortgage - personal loans, credit cards etc are unsecured.
     
  8. Scott No Mates

    Scott No Mates Well-Known Member

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    With an interest rate to match