Today I found out that my bank does not accept blocks as security for guarantor relationship. Apparently it is because rural residential can fluxuate in value so much. Is this standard or should I expand my search to other lenders?
Give a savvy broker a call/email regarding this than going direct to branch – it will save you a lot of time and hassles as we know the exact policies of multiple lenders, than having to guess your way around. I have done guarantors in the past with regional vacant land previous without issue.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Hi Kellie
Agree with Corey absolute nonsense. Have done many a deal on this basis.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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