All Topics / Finance / Transportable New Home

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of JETTJETT
    Member
    @jett
    Join Date: 2005
    Post Count: 31

    Is there a lender out there that will lend against a new home built in a yard an then transported to your land??

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Yes there is dependant in which State the property is.

    Cheers

    Richard Taylor
    Residential & Commercial Finance Broker.
    Licensed Financial Planner.
    Ph: 07 3720 1888
    [email protected]

    Richard Taylor | Australia's leading private lender

    Profile photo of JETTJETT
    Member
    @jett
    Join Date: 2005
    Post Count: 31
    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    You would get max 80% LVR in Qld

    Cheers

    Richard Taylor
    Residential & Commercial Finance Broker.
    Licensed Financial Planner.
    Ph: 07 3720 1888
    [email protected]

    Richard Taylor | Australia's leading private lender

    Profile photo of JETTJETT
    Member
    @jett
    Join Date: 2005
    Post Count: 31

    Thanks again Richard

    Profile photo of george1955george1955
    Member
    @george1955
    Join Date: 2006
    Post Count: 12

    I got 95% finance doing this, i am presuming that it is a relocatable home, once the bank came around to value it, it did not look like a relocatable home anymore, it just looked like a normal home, they didnt care

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    George think you may have misunderstood the post.

    You can get 100% finance if the house is been relovated to the land and the Bank fund it then. Jett was referring to a transportable house built in the yard and financing it prior to being moved.

    You will not get LMI so > than an 80% lend is out of the question.

    Cheers

    Richard Taylor
    Residential & Commercial Finance Broker.
    Licensed Financial Planner.
    Ph: 07 3720 1888
    [email protected]

    Richard Taylor | Australia's leading private lender

Viewing 7 posts - 1 through 7 (of 7 total)

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