Browse Forums Home Finance Re: Getting a home loan for a small apartment 7Dec 04, 2011 6:45 pm Hi, Does that squ meter includes car space or balcony? If it's >40 then 80% LVR is fine- but at 80% LVR ( loan to debt ratio) you need to have good/strong employment...if you have a tarnished employment record or credit file then lower the LVR the better. LVR updated as of Nov 2011- http://www.shapehomeloans.com.au/blog/p ... 2011060635 If your concern; you can apply for conditional pre-approval subject to "valuation only" even if it's OTP ( off the plan)' that way instead of "worrying" abt the size of the place...you know from day 1 the lender knows what they are financing and all you need to worry abt is the "valuation value" instead of the security type. Regards Michael Michael Chan | Australia wide Mortgage Broker Michael@ShapeHomeLoans.com.au | 1300 74 5626 | Fax: 02 8212 8909 http://www.ShapeHomeLoans.com.au The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.… 2 19109 How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 11933 The Soil classification has little to do with piers. The purpose of the classing of the soil is to identify the clay content and the "average expected range of movement… 2 9859 |