Looking for loan products at 90% LVR on two house and land packages Bellmere SEQ without mortgage insurance, can brokers come back to me please as contracts pending
You will not find a lender offer you 90% without LMI unless you are happy to use a non conforming lender.
The 2 or so lenders that offer 85% with no LMI will not do so under a HDT or UT structure.
Richard Taylor | Australia's leading private lender
Thanks Richard,
If I have to pay LMI what is the maximum LVR for a UT.
95-100% dependant on the lender.
Richard Taylor | Australia's leading private lender
St George have a newish product at 100% LVR with no LMI – but they charge a higher rate to compensate, so you would be better off paying the LMI. It is only for owner occupied too I think.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Terry
Yes it is an O/O product only so in Dave's position want to use a corporate Trustee ATF a HDT wont work.
Richard Taylor | Australia's leading private lender
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