Heritage listing home loan

Any general questions you might have in regards to loans and finance.
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Heritage listing home loan

Post by marylamb »

I have my eyes on a heritage listed property but I heard that getting a mortgage is more difficult for this type of property, is this true?

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Otto Dargan
Mortgage Specialist
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Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia

Re: Heritage listing home loan

Post by Otto Dargan »

Yes it is more difficult to get mortgage approval for a heritage listed property. Generally this is because lenders believe that in the event that the loan was not paid it would be more difficult for them to sell the property. This is often not true, especially when it comes to houses in high demand capital city locations.

At present you can get a loan for up to 95% of the property value if you are in a strong financial position. However please be aware that most borrowers only qualify for a loan of only 90% of the property value.

Good luck with your purchase!
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

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