What "%" will Lender's Lend on a property that's been gutted inside..

Would anyone have an idea on the number's if the property is gutted inside ,needs new kitchen bathroom's ect rewire plus new plumbing ,and would be unable to be rented till all this related work is complete.
From what i'm told the lenders will only go below 50%,of the face value..imho..

 

If a property doesn't have a kitchen or bathroom then from a valuation perspective it will be deemed "uninhabitable" and not fit for a valuation.

You will need to use a lender that has a contract of sale (COS) valuation policy - theoretically you can go up to 95% on COS policy however it will be dependent on a number of factors such as purchase/refinance, LVR, location and loan amount.

Westpac and St George have a valuation tool that will tell you upfront what sort of valuation they will require for the property. This could be possible even at 95% LVR.

CBA's COS policy is max $800k loan amount, max 80% LVR, the property must be a standard residential house or unit in a metro area and cannot be a vacant land or specialised security or non arm's length.

ANZ's policy is anything under a $1mil at 80% will be COS and up to 90% LVR the loan amount must be under $750k

Couple of other lenders like TMB will do COS at 80% LVR provided the loan amount is $1.5mil and in a metro area.

 

Thanks,Shahin for your time to post that..

 

Are you saying for the lending just to do a desktop valuation?