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criteria regarding size with a lifestyle loan
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Please define your area – I am seeking a refinance with a rural lifestyle loan of <56ha or 139ac). Thankyou, Tania
1 Answer
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Thank you for your question Tania. Generally properties of 56ha are outside our lending guidelines. They would not qualify for our advertised rates/products however can be looked at on a case by case basis. There would be lending size restrictions depending on postcode and land size and the value of the property offered as security. The property would have to be your principal place of residence and be connected to town water & electricity. If the property is income producing it cannot be your primary source of income. Income producing properties could be considered commercial in nature and would need to be assessed accordingly.
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