All Topics / Finance / LO DOC FLATS

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  • Profile photo of Rodeo 98Rodeo 98
    Member
    @rodeo-98
    Join Date: 2006
    Post Count: 10
    January 15, 2008 - 8:13 am

    Hi Guys,

    Looking at buying a block of flats . There are more than four flats and they are on one title . Banks seem to cut off lo doc loans at 4 flats .

    Any good ideas .

    Thanks in advance

    Rodeo

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    January 15, 2008 - 11:16 am

    How many in the block?

    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

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    January 15, 2008 - 11:32 pm

    Rodeo

    Upto 8 should be fairly straight forward.

    Might not get more than 75% LVR though.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    January 17, 2008 - 8:30 am

    Gary

    I replied to your email with a couple of other questions but havent heard from you yet.

    Richard Taylor | Australia's leading private lender

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