Hi, Im looking to buy some houses in regional/country areas(particularly QLD that will be +ve on 10% deposit….any suggestions for finance sources other than major banks, good mortgage brokers etc ?
thanks,DeanHi Dino. I think your answer is in your post, a GOOD mortgage broker. Try and find one that is into property investing, he/she may understand your plight a bit more than other brokers. There are some on this forum.
Regards
MartyThere are lots of lenders who will assist your goals in regional Qld- depending on, how regional,though. One of the best lenders for remote areas in QLD,that work outside the LMI postcode areas, would be Heritage Building Society.
Reason being, their head office is in Toowoomba and started from there. Therefore, they know the areas of Qld, well, and are more likely to offer assistance in remote areas with higher LVR’s than other lenders.
However, it does depend on, how regional you are talking about, as most lenders will lend to 95% in regional QLD- that is, most Towns/Cities, with population of 10000 or more, there are a few places under this pop. that they go to. Otherwise, you’ll only get 80%LVR or try Heritage for higher LVR in remote places. Remote places being, population of 1000 up.
Also a mortgage insurer(PMI) has just released new post code areas, that they will lend in, this could be very useful for you.
I hope this assists
Thanks for the replies, that a big help, Ill check out the suggestions,
Cheers,Dean[
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