


Hi Tammy, i need to complete a valuation on the property to confirm the acceptable property type by the lender. as Greg mentioned, you may have to purchase this under the commercial lending policy, which i can help with. however, coomercial lending requires a higher deposit and rates are much higher than residential loan products.

Sylvia
Hi Tammy. You have what’s potentially a mixed use property. It depends what it’s actually zoned but are you purchasing it as business (as a going concern) or as a residential property. Since it’s classed as light industrial residential and if sold as residential NOT as a freehold business sale you may qualify under residential rates. It maybe similar to rural residential that can be used for farming and agricultural business activity. Good luck.