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I got my loan for a 48m2 appartment through ANZ. They would however only do 65% LVR on it so just took out another loan on my PPOR to cover the difference. I have noticed on some posts that people have been able to get 80% LVR though and I think if I had of pushed I could have done better.
Under 50 isnt too much of an issue it is when you get under around 35 you start getting thin on the ground on acceptable lenders.
One small cavat may be the PC and the actual block
some lenders dont like some Pcs and may have overexposure.
As RT already said though, id be surprised if comm didnt do that, STB certainly would .
ta
rolf
I am looking at a 48 sq m studio. So it sounds as though i shouldn't have a big issue with it.
Thanks! I'll keep that in mind. Did you have any trouble from a trust point of view (if that's your method of buying)? Also, is it an apartment or a studio?
I could come up with a 35 - 40% desposit if necessary. Not ideal, but I could do it.
My research here at the forum suggests CBA is also a good place to start.
I generally use my local mortgage broker, but this might be one for Rolf!
Ciao. Happy Sunday.