Personal asset lenders will advance money against fully paid up properties. They will however insist on registering a bond over the property as security. The property needs to be owned by you and be bond free. This is typically a very good way for you to raise funds.

Things that will affect the amount lenders will be willing to advance include:

  • The location of the property
  • The condition of the property
  • Your ability to service the loan
  • Comparative sales history of properties in the same area

Typically a lender will advance 50%- 60% of the conservative value of a property.


One thought on “Property

  1. Pingback