Specialised Security Loans
Depending on the type of property you are buying or even its post code may restrict your ability to raise a loan using this property as security. Not all lenders accept all types of property as suitable security and in some instances depending on the type of property some lenders will limit their exposure by imposing lower Loan to Valuation Ratios (LVR). The underlying reason behind these lending restrictions for certain properties is reflective of the lenders credit risk which includes their ability to liquidate their security if the borrower defaults. So if the property you are looking to buy is outside of their risk profile it may be harder for the lender to sell in a reasonable time frame or may even require to be heavily discounted to achieve a sale.
At Professional Finance Brokers our home finance specialists have access to a comprehensive panel of both bank and non bank lenders that all have different borrowing criteria and rules governing different types of specialised security properties. So using our expert knowledge we can help find a product solution for many different types of specialised properties which can include the following;
- Multiple units on one title
- Studio apartments
- Student Accommodation
- Inner City High Rise Apartments
- Managed Apartments
- Serviced Apartments
- Company Title
- Off the Plan Purchases
- Retirement units
- Heritage Listed
- Holiday Rental
- Bed Sitters
- Warehouse Conversion
- Rural Residential Property
