Over 55s Finance - who does this and what LVR

Discussion in 'Loans & Mortgage Brokers' started by dabbler, 14th Oct, 2015.

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  1. dabbler

    dabbler Well-Known Member

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    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.
     
    dabbler, 14th Oct, 2015
    #1
  2. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    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.
     
    Shahin_Afarin, 14th Oct, 2015
    #2
  3. Marty McDonald

    Marty McDonald Mortgage broker Business Member

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    Yes but if not investment then they are quite bad
     
    Marty McDonald, 14th Oct, 2015
    #3