Is there a home loan lender, which can lend me the full cost of the property plus the associated legal fees?
Yes, we have a lender who will lend up to 106% of the value of the established property, which will cover the purchase price, stamp duty, other government charges and legal fees. This loan does not require any genuine savings but has strict guidelines for approval. This loan can be used for both owner occupied and investment purposes. Even though the fees and interest rate is higher than a normal home loan, it can be an excellent way to get into the property market for the first time, a good way to re-establish yourself after a separation/divorce and potentially excellent way to maximise your tax deductions if you are a property investor.
Related Questions
- How will I know how much money to put aside to cover the cost of stamp duty, legal fees and other costs associated with the purchase?
- Is there a home loan lender, which can lend me the full cost of the property plus the associated legal fees?
- What is the cost of taxes and legal fees (closing fees) for a property purchase?
