All Topics / Finance / 95% + LMI lender

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  • Profile photo of sum378sum378
    Participant
    @sum378
    Join Date: 2003
    Post Count: 2

    Hi,

    Is there any lender who would lend 95% + LMI for a PROP? This unit is in a complex consisting of 3 buildings with each building having 10 levels and 8 units in each level. The size of the unit is greater than 100 sqm including balcony and car space.

    Any help would be greatly appreciated.

    John

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

    Yes there is but you need to have excellent credit & employment history and genuine savings for the balance.

    Richard Taylor | Australia's leading private lender

    Profile photo of number 8number 8
    Participant
    @number-8
    Join Date: 2010
    Post Count: 333

    Suncorp is one of the few banks….  Bankwest also claim this as their niche….

    http://www.birchcorp.com.au

    Profile photo of sum378sum378
    Participant
    @sum378
    Join Date: 2003
    Post Count: 2

    Suncorp has already said they would consider it as high density. Any other lenders.I have a good employment and savings history

    John

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

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