I purchased a OTP property in qld that is under 50m2(1 Bedder not a serviced apartment) that i have asked about before in a few other threads.Even though the completion is +1.5years away and i know regulations will prob change before then i thought i would go see the big 4 and see what they will do for me and was rather taken back by the rather large difference between them.
ANZ -will lend 70% above 40m2 wont inc Alfresco
CBA -will lend 80% above 18m2 will even inc my enclosed Alfresco providing you can lock it which puts it over 50m2 which means i can even get 90% with LMI.
NAB-will lend 80% for just under 50m2 postcode dependent.Same as CBA though will inc Alfresco making it possible to lend 95% with LMI
Westpac- wont even lend at all under 50m2 wont inc Alfresco
Has it always been the case were there is such a massive difference between the big 4 or only recently??Knew there would be a little difference between them but 95% with LMI to not lending at all is huge!!
ANZ -will lend 70% above 40m2 wont inc Alfresco
CBA -will lend 80% above 18m2 will even inc my enclosed Alfresco providing you can lock it which puts it over 50m2 which means i can even get 90% with LMI.
NAB-will lend 80% for just under 50m2 postcode dependent.Same as CBA though will inc Alfresco making it possible to lend 95% with LMI
Westpac- wont even lend at all under 50m2 wont inc Alfresco
Has it always been the case were there is such a massive difference between the big 4 or only recently??Knew there would be a little difference between them but 95% with LMI to not lending at all is huge!!