103% finance
- Thread starter Bradsdad
- Start date
Have you spoken to your aggregator? They should be able to point you at a few options.
No offense but I know who my aggregator deals with. My question related to soemthing that may have been posted on this forum. I thought I remembered seeing something and meant to follow-up what I read.
I'm not seeking any assistance except for the actual thread as I couldn't find it. It may even be the case I read it somewhere else but something in the back of my mind says it was here.
Regards
Steve
I'm not seeking any assistance except for the actual thread as I couldn't find it. It may even be the case I read it somewhere else but something in the back of my mind says it was here.
Regards
Steve
Yes, I've been looking for that post, too - asked credit, no such product.
But - there's always something that someone else has heard about before me, so I thought perhaps Rolf was on to something.
After all, many lenders will lend to 105% for a purchase, but the small print says provided that there is another security property.
Equally, the Fast Track and the Family Pledge and the Family Guarantee programs will go to 105% for a purchase and Fast Track will go to 110% if some consumer debt is refinanced at the same time (usually to bring serviceability in to line).
So the 103%LVR was not so remarkable and one day, maybe baby, there will be such a product stand alone.
And after all, I have a 106% lender, done lots of scenarios but haven't written a loan for them in four & half years, don't know why - close to standard variable rates, will lend for stamps etc - perhaps people feel guilty 'it's all too easy, we should feel the pain a bit first!' type of thing.
Cheers
Kristine
But - there's always something that someone else has heard about before me, so I thought perhaps Rolf was on to something.
After all, many lenders will lend to 105% for a purchase, but the small print says provided that there is another security property.
Equally, the Fast Track and the Family Pledge and the Family Guarantee programs will go to 105% for a purchase and Fast Track will go to 110% if some consumer debt is refinanced at the same time (usually to bring serviceability in to line).
So the 103%LVR was not so remarkable and one day, maybe baby, there will be such a product stand alone.
And after all, I have a 106% lender, done lots of scenarios but haven't written a loan for them in four & half years, don't know why - close to standard variable rates, will lend for stamps etc - perhaps people feel guilty 'it's all too easy, we should feel the pain a bit first!' type of thing.
Cheers
Kristine
Thanks for that Richard. That's exactly the response I was after. In the back of my mind I thought it was Westpac but their site makes no mention of it. I was sure I read it but thought I was going mad as I couldn't find it.
Regards
Steve
Hiya
The post was tongue in cheek....................however on that same day we got a 103.7 % LVR sole secured 7.99 fixed for 5 years loan through on a high density unit blick through Westpac.
Dont think we could do it again.........long story.
Even have a couple of loans in clients' portfolio with an infinite LVR
My point at the time was to illustrate that not all finance people could or should know of all things available at any one particular point in time
ta
rolf
The post was tongue in cheek....................however on that same day we got a 103.7 % LVR sole secured 7.99 fixed for 5 years loan through on a high density unit blick through Westpac.
Dont think we could do it again.........long story.
Even have a couple of loans in clients' portfolio with an infinite LVR
My point at the time was to illustrate that not all finance people could or should know of all things available at any one particular point in time
ta
rolf
