Low-Doc for postcode 6285, Zoning Resort

Viewing 4 posts - 1 through 4 (of 4 total)

magic_misy
Member
@magic_misy
Join Date: 2005
Post Count: 5
March 2, 2005 - 12:00 pm
Hi Guys,
Is anybody can help with this one? I am trying to get finance for this investment property located in margaret river postcode 6285, the thing makes hard is the zoning, it is zoning Resort which means you can not live in the property for up to 3 months at a time.
Tks
M
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
March 3, 2005 - 5:46 am
you would need a specialist lender for this. What sort of LVR are you looking for? Maybe 60% would be possible.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
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Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
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Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
magic_misy
Member
@magic_misy
Join Date: 2005
Post Count: 5
March 3, 2005 - 10:14 am
Hi Terry,
Tks for the reply.
I can find somebody who would lend 70%, but really I need 80%.What kind of specilist lender would do it?
Tks
Magic_misy
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
March 3, 2005 - 1:15 pm
Off the top of my head, have you tried Latrobe? They probably couldn’t go that high though.
Can you let me know who could do 70% – it might come in handy?
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
[email protected]
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au