Residential Property Security Preferred, but will consider all options.
Maximum Loan Amounts
Max Loan Amount $50,000 (A Deed of Priority may be required. We may also consider lending higher amounts subject to a low LVR)
LVR
Maximum of 70%. This is based on the sum total of all facilities/limits held with 1st mortgagee (together with applicable break costs) and Basecorp Finance’s proposed advance.
Loan Term
Interest Only, Part or Fully Capitalised Interest
1 - 12 months (Rights of renewal for a further term can be included if required to provide the borrowers comfort)
Principal & Interest (P&I)
6 - 60 months
Credit Criteria
We will consider the following:
Adverse credit (to a point!)
Mortgage and/or Rates arrears
Property Law Act Notices
Servicing
Ability to service to be provided if not a capitalised advance
