Hi brokers,
Could you please update me on which lenders will finance a company title unit and at what LVR?
Thanks.
Could you please update me on which lenders will finance a company title unit and at what LVR?
Thanks.
Financing company title
- Thread starter Propertunity
- Start date
Don't come across these often, but about 18 months ago I did one with CBA, I think we got 85%. Most lenders are only going to give you 80%.
There's a bit of extra documentation, but in Victoria at least, most of it comes included in the S32.
There's a bit of extra documentation, but in Victoria at least, most of it comes included in the S32.
ranges from 70% for some lenders like ANZ, to 80% for lenders like CBA and as high as 85% for lenders like st george and westpac. Although if you are looking at 85% I would suggest St George - westpac will give you a very hard time.
I bought a co. Title property about 3 yrs ago. In the end westpac wouldnt finance it and they really mucked me around. I went with st George at 85%
Thanks all.
Mostly see company title in the inner Sydney burbs, and only then ossassionally. I've also seen some that convert to Torrens title with a commensurate increase in val.
Mostly see company title in the inner Sydney burbs, and only then ossassionally. I've also seen some that convert to Torrens title with a commensurate increase in val.
There are tons in matraville due to the council's DA guide on company titles in the area.
They are not a first choice lender but like any lender they have niches and no matter how painful (and I mean painful) it is to deal with them - you still need need to do whats right for the client.
