Lenders Wanted

QLD, $290K, Construction, Purchase, Low-doc, 60% LVR

Posted on 3/12/2014 6:00:59 PM

Client has a unencumbered residential property for $400,000 and land of $170,000. He is a self employed builder and wishes to borrow $290000 to build a spec home. Is there any lenders that would do this on a accountants letter confirming income

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  • sean White30/05/2016 12:21:07 PM

    Paramount can assist at 5.25%
    self dec and accountant declaration

    He must be a licensed builder and that must be his full time occ.
    Cant be a Licensed owner builder

    estab fee - 1.10%
    vals and legals TBA

  • Merrick Malouf Prime finance15/04/2015 12:57:18 PM

    Please give me a call 0411595656 or 1300130538

  • Eric Shulkin, World Wide Finance24/03/2015 8:14:55 AM

    We can help with this scenario - please get in contact on 0414963788 or eshulkin@iprimus.com.au


  • David in Qld16/01/2015 3:44:03 PM

    Then should be possible secured over unencumbered home - draw as required for construction - david@pacificmortgage.com.au

  • Mitch Agility Finance 16/01/2015 3:07:11 PM

    Our interest rate is 9.75% term 12-18 months

  • Bruce16/01/2015 2:31:11 PM

    Yes can do as self certified/

  • David in Qld16/01/2015 12:21:56 PM

    If he can do a Low Doc loan (self declared) against his house it should be easy < 6.5%

  • Steve10/12/2014 5:29:52 PM

    Talk to BMM (Better Mortgage Management)

  • Bruce10/12/2014 12:42:25 PM

    I have a Lender. He would uld look at 10% pa. for a 12 month term

  • Peter9/12/2014 9:26:39 AM

    I may have a private lender. He would be looking at 15% pa. for a 6 mth term.

  • John from Geelong8/12/2014 3:34:13 PM

    Does it service based on projected rental when completed?

    LaTrobe is where I would go.

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