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Over 55s Finance - who does this and what LVR

Discussion in 'Property Finance' started by dabbler, 14th Oct, 2015.

  1. dabbler

    dabbler Well-Known Member

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    Sid en e - olympic city
    Hi All finance gurus, who will do over 55s residence lending on small 45m square units

    No restrictions on management apart from age of resident, no special contributions etc, basically just a normal community type title with body corporate.

    Who will do them and what LVR

    Feel free to PM answer if you prefer.
     
  2. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    Location:
    Sydney
    Westpac and St George do 70% max LVR - I think ING was excellent in this space as they did 80% not sure if they still do it.

    The issue you will have is with the age. If the property is for investment use then Westpac would be great as they have a no age policy on investment properties.
     
  3. Marty McDonald

    Marty McDonald Mortgage broker

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    22nd Jun, 2015
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    Location:
    Sydney North Shore and Norther beaches
    Yes but if not investment then they are quite bad