Hi all,
Are 80% Lo Docs for trusts still around.
We are in prelim stage to develop one of our properties but need to know if an 80% Lo Doc for a Discretionary Trust is do-able before we put much time into running numbers for the development.
We need a 80% Lo Doc refinance to release equity, the property is held in our discretionary trust and we are the trustees. We then plan to use these funds as backup for the development of another property (held in our names not the Trust). The construction loan for this property will need to be a Lo Doc also. Thanks in advance for any replies
Cheers Bushy
Are 80% Lo Docs for trusts still around.
We are in prelim stage to develop one of our properties but need to know if an 80% Lo Doc for a Discretionary Trust is do-able before we put much time into running numbers for the development.
We need a 80% Lo Doc refinance to release equity, the property is held in our discretionary trust and we are the trustees. We then plan to use these funds as backup for the development of another property (held in our names not the Trust). The construction loan for this property will need to be a Lo Doc also. Thanks in advance for any replies
Cheers Bushy