Hi All,
Thought someone might be able to provide the name of banks who will lend to 80% LVR, or higher as against a dual occ (Granny Flat). I am with ANZ for multiple loans and while they are willing to lend to me presently, it is only to 70% for the dual occ. This is reducing the lend by about $50,00 which i would love to use now.
My broker has spoken to a person who said ANZ will go to 80% for dual occupancy, but only for ones where there is a single water/electricty metre and are essentially leased to one family. They did say that ANZ were looking at changing this policy, but that does not help me now.
Currently I have property to the value of about $1.2M, and loans of about $830,000 being an LVR of close to 66%. I had wanted to borrow up to 80% on the total to use as deposits for further investments. Instead ANZ will lend to 80% on my PPOR, and only 70% on the dual occ.
Servicability isn't an issue as income in excess of $200K gross combined.
Thinking of moving loans to another lender who is willing to come to the party. Any suggestions? Would they waive fees for moving that much in loans?
Thought someone might be able to provide the name of banks who will lend to 80% LVR, or higher as against a dual occ (Granny Flat). I am with ANZ for multiple loans and while they are willing to lend to me presently, it is only to 70% for the dual occ. This is reducing the lend by about $50,00 which i would love to use now.
My broker has spoken to a person who said ANZ will go to 80% for dual occupancy, but only for ones where there is a single water/electricty metre and are essentially leased to one family. They did say that ANZ were looking at changing this policy, but that does not help me now.
Currently I have property to the value of about $1.2M, and loans of about $830,000 being an LVR of close to 66%. I had wanted to borrow up to 80% on the total to use as deposits for further investments. Instead ANZ will lend to 80% on my PPOR, and only 70% on the dual occ.
Servicability isn't an issue as income in excess of $200K gross combined.
Thinking of moving loans to another lender who is willing to come to the party. Any suggestions? Would they waive fees for moving that much in loans?