Hello,
I am doing a subdivision turning 1 big block into 10 small blocks. I have a residential land loan on the 1 big block. I would like to keep the loan and transfer the security to around 4-5 of the newly created blocks, keeping the lvr the same as when i took out the loan. Does anyone anticipate any problems with this?
Cheers
I am doing a subdivision turning 1 big block into 10 small blocks. I have a residential land loan on the 1 big block. I would like to keep the loan and transfer the security to around 4-5 of the newly created blocks, keeping the lvr the same as when i took out the loan. Does anyone anticipate any problems with this?
Cheers