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  • Profile photo of David PhillipsDavid Phillips
    Participant
    @dp1969
    Join Date: 2019
    Post Count: 0

    Hello everyone,

    I earn $200000/pa, no other debt, and my bank has trouble lending me money to build a house at my rural place in Coffs Harbour NSW. I still owe $300k on this.

    Any help would be appreciated.

    Dave

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,992

    Hi Dave

    Doesn’t surprise me we see it all the time with the big 4.

    Would need more information to be able to advise you further but you are likely to be limited to circa 75% lvr depending on the size etc.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

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