Recent content by ANB

Thanks Michael - yes very valid point - its easy to only think in terms of 90% vs 95% forgetting there is middle ground so will definitely consider your suggestion when we lock in final numbers! :D

Ah I see - sorry I may have been sloppy with my wording but I had assumed that the loan would be applied for at the same time (even though there are two contracts relating to the house and land package) so I think I'm planning on doing what you are suggesting but I will definitely clarify this...

Thanks for your suggestion - when you saying "doing" at the same time - do you mean arranging the loans or signing one contract instead of two (my understanding was that it was structuring in this way so that stamp duty is paid on the land value but not on the construction part of the package...

We are buying the land from the same group (it may well be a different company within their structure I'm not sure yet) as those doing the building but they are structured under two different contracts. The land contract is signed first. Thanks for those suggestions - I'll check those out...

We have two other properties - both in NZ (with finance from NZ banks) - have held these for around 10 years so these are probably LVRs of 50% and positively geared for rents. The broker said the banks would not worry about these properties as they are overseas - but at least they are not highly...

Thanks for your quick replies - we could pay LMI upfront so it would be 95% excluding LMI. The property is in dubbo so regional Thanks

Hello I'd love some help with suggestions on who is currently offering finance for house and land packages being a construction loan for 95% for an investment property (not owner occupier). Our broker is telling us we will struggle to find a lender willing to go to 95% for construction. I did...