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Solicitor's Loans
Private
Mortgages - often referred to as solicitor's loans - have been
common in Australia for over a century and via Fuss Free Finance
you now have access to a network of solicitors and many hundreds
of individual investors Australia wide.
With the emphasis on the worth of the security rather than the applicant
we are able to advance monies to people who feel they can
afford repayments but cannot prove serviceability - for example
the many businessmen whose tax returns bear little or no resemblance
to their real income and/or their ability to service a loan.
In addition those who have a credit record problem, are currently
out of work, on a pension or those unable to persuade banks
of the merits of a new business idea are all able to borrow
money against the equity they have in a property without the
need to 'convince'.
Basically if you want to purchase a property or you already own property and you have sufficient equity we can probably arrange a loan facility for you!*
In
addition to residential properties we can provide mortgage
loans against all sorts of commercial, rural and specialized
security such as shops, farms, factories, service stations, warehouses, squash
courts, development land, etc.
Private mortgages are almost always interest only and have fixed rates of interest.
At the end of the fixed rate period (usually between 1 and
5 years) you can usually roll-over the facility into another
term - after paying off some of the principal if you like
at no penalty.
Sound like something you may be interested in? If so and you would like to discuss your requirements further, then call 1300 131 876 for an obligation free discussion.
* Terms and conditions apply.
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