Archive for June, 2014

The banks’ least favourite property types

The banks’ least favourite property types

Often there can be a good property deal to be had, but will finance be readily available? There are more and more types of properties that banks are either refusing to lend against or will only offer a relatively low Loan to Valuation Ratio (LVR). They’re known as “specialised securities” and it pays to know which they are before becoming too heavily invested. Check with your lender before spending too much time on due diligence for a property that might ...

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