I reckon it might be a bit tricky to finance. Over 90%, rural/regional area, out of state buyer. these are all things that make the lender less likely to rely solely on contract price, and have a full valuation ordered. While not all lenders require a full copy of the contract prior to approval, most assume or require a full copy and draft transfer prior to mortgage docs.
Why does this deal need to be over 90%? Why are you willing to risk so much on this property? I take it its not an investment property?
What happens if you get the loan, settle, and then find yourself at court with the council, paying legal fees, costs and eventual removal? Is the reward that great?
Why does this deal need to be over 90%? Why are you willing to risk so much on this property? I take it its not an investment property?
What happens if you get the loan, settle, and then find yourself at court with the council, paying legal fees, costs and eventual removal? Is the reward that great?
