You may have heard, lenders have made it harder for some people to get finance. A big part of this is due to a loss of appetite for property they class more risky, especially at lending levels where the loan is more than 80% of the property value (full doc).
So if you are out looking for the following types of property to buy, talk to your finance person as whilst not impossible, they will be harder to finance.
- Small 1 bedroom units, less than 50m2
- Company titled properties
- Non Metro Area’s
- Display homes
- Units in high density area’s or blocks (greater than 30 units in a block)
- Serviced Apartments
- Student Accomodation