Reno$ Loans - 88% LVR no LMI

[Albertus 6]

Hi Guys - C&N Finance have just released a 88% no LIM Reno$ - does anyone else have something similiar at the moment?

 

[StuartW]

It looks like simply lending against the end value of the property (i.e. value after reno) - so in effect is 80% of end value which equates to 88% of purchase price.

I arranged a similar "product/policy" with NAB about 12 months ago but pulled out because I wasn't comfortable.

 

[Albertus 6]

Can you still do 80% of end value with NAB?

Is there any way of making sure the end value covers the renovation costs?

Is that the reason you pulled out?

I tried to get NAB to commit to the end value recently and they kept telling me I had to wait for another valuation.