New loan for house & land

Discussion in 'Loans & Mortgage Brokers' started by punti, 6th Jan, 2021.

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  1. punti

    punti Active Member

    Joined:
    5th Mar, 2017
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    35
    Location:
    Sydney
    Hi all,

    Looking to purchase a SDA house and land package in QLD. Expecting around $7-800k purchase price.

    Before I pester my broker, does anyone know of any non-conforming lenders who would loan for this type of H&L package for me and my wife. We are at our cap with mainstream lenders so need a lender who understands NDIS.

    We have around $400k cash to contribute so understand if we can only borrow ~50-60%.

    TIA
     
    Lindsay_W likes this.
  2. Richard Taylor

    Richard Taylor Well-Known Member

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    20th Jun, 2015
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    Location:
    Brisbane
    We are an NDIS lender.

    Still require full servicing but do understand the model.

    Happy to have one of my BDM's contact you if you require further information.

    Cheers


    Richard
     
    Samto likes this.
  3. Lindsay_W

    Lindsay_W Well-Known Member

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    If you already have a broker it's best you contact them about this first, you won't be pestering them I'm sure of it. They have all your data and their in the best postion to give you an answer as the data you've provided here is too limited to know if you qualify or not.
    Plenty of non-mainstream lenders do construction and NDIS
     
  4. PeteToma

    PeteToma New Member

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    8th Jan, 2019
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    Sydney
    Yes, talk to your broker, they are the best ones to advise you on this. From there getting your pre-approval would be best and then sourcing the property after that to ensure you can meet all your financial obligations with H&L package contracts.

    I hope that helps.


    Regards

    Peter Toma
     
    Last edited by a moderator: 12th Jan, 2021
  5. punti

    punti Active Member

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    5th Mar, 2017
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    Location:
    Sydney
    Thanks for everyone's help.

    I have spoken to my broker and she is going to find a lender.
     
    Lindsay_W likes this.
  6. Samto

    Samto New Member

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    10th Feb, 2021
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    Sydney
    @Richard Taylor, could you please provide your contact info. Thanks
     
  7. Tony Xia

    Tony Xia Structured Loan Advisor Business Member

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    Correct, talk to your current broker, I am certain he has non conforming lenders under his panel.