Available equity question

[brokerman]

Broker says no chance on anything less than 40% deposit

Fark where am I going to come up with 600k?

These new rules suck eggs!

Not true! There is a non Bank lender at pretty much bank rates who will go 80% on both the ppor and a rental.

[Murph]

Not true! There is a non Bank lender at pretty much bank rates who will go 80% on both the ppor and a rental.

Thanks for that Brokerman!

The deal fell through on this property for the time being anyway...

Im back to a development project which is much better long term for us as its far less debt.

Really good to know there are other financing options though!!

Thanks

Murph

[Wellington Broker]

Not true! There is a non Bank lender at pretty much bank rates who will go 80% on both the ppor and a rental.

Max loan of $2m though?

[brokerman]

Max loan of $2m though?

Enough for most methinks!

[Happi]

80% lvr

Not true! There is a non Bank lender at pretty much bank rates who will go 80% on both the ppor and a rental.

Does it also apply to ppor and a self managed new build? Thanks

[Wellington Broker]

Nope. But new build will be outside LVR rules so should be another option