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by Marshall P
Thu May 09, 2019 2:45 pm
Forum: Home Loan Forum
Topic: Studio apartment too small for a mortgage, why?
Replies: 5
Views: 1032

Studio apartment too small for a mortgage, why?

Hi, I’m really keen on purchasing a studio apartment in Rushcutters Bay, Sydney valued at $300,000. I planned to put down the $30,000 earnest money deposit on the house next week but I’ve been told by my bank that the property is not acceptable as it is too small or something. I don’t understand why...

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