106% lender?

[woohoo]

This morning i heard on the radio a lender is lending 106% of the value of the property. It says "ask your financial agent".

Does anyone know which lender it is?

 

[younginvestor]

would the company be www.aussierealty.com ?

 

[Les]

Woohoo,

(Sung to the tune of a Qld beer advertising jingle)

"I can feel an X-coll coming on"

Do you know this is NOT the case, Woohoo? Sounds like the usual "Yeah, borrow the lot - how much did you say your home is worth? And how much do you owe on it? Yep - no worries!!"


Regards,

 

[pobrien3]

Woohoo

I believe you are referring to First Permanent (trading name is Establishmentloan). They will do 106% for O/O and investment properties. But as you would expect the interest rate is a bit higher than normal.

The upside is that this is not a shared equity loan like the one shown at www.aussierealty.com.

Cheers

Patrick

 

[see_change]

There's another add doing the rounds which is saying you can borrow what you want...

just a minor matter of a mortgage on your parents home...

See Change

 

[APerry]

There are probably some others, but I know of the First Permanent loan. It is also offerred through some mortgage managers and is quite a good product, although the IR is quite high.

Regards
Alistair