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Quick Refinancing

Submitted by neiljoyce on May 8, 2008 - 7:38pm.

Joined: 02/06/2007

Hi All

I have the opportunity to buy a house wholsale on a 40 day settlement with the right to go in and do the improvements before settlement.  Are there any funders/valuers out there that will come in and value the property when the improvements are complete (before settlement) and let me borrow on that.  I am having trouble finding someone to do this, but I believe it can be done. 

Advice and recommendations would be greatly appreciated

Neil



May 8, 2008 - 10:42pm

Joined: 12/03/2008

Find yourself a good mortage broker.  They will save you time and usually don't charge you.  If you have, or intend having a portfolio of properties they are as important as a good solicitor or accountant.


Qlds007's picture

May 8, 2008 - 11:07pm

Joined: 23/08/2003

Neil

Hate to say in todays climate you will not find anyone on a residential basis.

Last lender i was aware of doing that pulled out in February this year.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
www.tayloredfinancialsolutions.com.au
richard@tayloredfinancialsolutions.com.au.
Lodoc loans from 8.77%


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