Hi Sally, we provide a loan product where we can structure your HOME LOAN portion at an interest rate below 3% provided a part of your total loan is an investment loan. There is an eligibility criterion you need to satisfy to be qualified for that product. We need more information about you and the loan scenario to work on that. If you are interested please get in touch with us. Thank you!
Hi Sally, I agree with everyone else, that you will have no difficulties in obtaining the loan from any lender. However what you need to consider is to plan after the completion of your project and there are a number of factors you need to conceder for your plan. Happy to discuss your future plans.
With this scenario you are in the drivers seat and in a great position to negotiate a good rate with any of the banks. Happy to help. Get in touch for advice anytime. Thanks Matt. I am a trained accountant and now operate my own mortgage broking practice.
Hi Sally - this method of finance is quite common and assuming you meet the lenders qualifying criteria, would be something I can assist you with. My advice is to begin sourcing a lender now before you move too far down the process. You need to ensure the chosen lender can accomodate your plans for construction and also once you decide to move in Happy to discuss if you wish to get in touch
Hi Sally, your finance enquiry could fit in almost major lenders' construction products for the security side. Can I ask what kind of title the city council has approved? Now, we need to consider the servicing after the title clarification. Finally, we need to discuss do you what a consumer lending or commercial lending. Hopefully, my answer could give you some idea. Feel free to contact me, I am working on weekends. :)
Hi Sally May I ask if you have the necessary approvals in place from Council for the development? Only because rates and Lenders' appetite change over time and timing is important when applying for the loan. Currently all Major lenders will be keen to win your business thus giving you the opportunity to obtain the best deal. Do keep an open mind about using Non Majors as well. Let me know if you need some further assistance.
Dear Sally Existing loan $440k+$950k Build cost=$1.390k is the total lending . Security value is subject to construction contracts and Land Value after it is divided .As Long as LVR ,Borrowing Capacity and other factors inthe range Loan is possible .Keep in mind demolition cost and Lender may do valaution while this happening.Feel free to ask more.
Hi Sally, based on the information provided, this will fit into many loan products offered by major lenders. There are many factors to consider including the best interest rate when selecting a lender and the product. I would love to meet with you to understand your requirment with more specific information so I could recommend you the best product. I am available during weekends. With our expertise we could assist you to make your project a successful one
Hi Sally, I am a construction loan specialist and happy to set up an appointment with you to further discuss. These types of loans are my area of expertise. So, could get you a suitable major lender for your requirement.
Hi Sally, Thanks for your question/inquiry. From the basic information you have provided i can see that will deal will fit most of the construction financiers that are available. As a construction finance specialists i would be happy to assist you in moving forwards. Whilst interest rate is very important ease of use for construction products should also be considered. Let me know if you have any further questions. I will be available all weekend.
Hello Sally, we specialize in these sort of developments and have many options. I would love to meet with you and discuss these. It is not only rate but also fees and draw down payments. l would need more information on your income to properly assess. Have a good weekend. Andrew
Based on info provided, most any major lender can accommodate this. Please get in touch if you would like to proceed. I am happy to bring my development and 10Y lender knowledge to your project for a stress-free outcome and negotiate the best rate possible
Based on info provided, most any major lender can accommodate this. Please get in touch if you would like to proceed. I am happy to bring my development and 10Y lender knowledge to your project for a stress-free outcome and negotiate the best rate possible
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Hi Sally, I have special lenders who help Property Developers - so please feel free to contact me via my Profile page. Also they are very quick in responding. Look forward to hearing from you. Thank you