Understanding Loan To Value Ratios in Commercial Lending
A loan-to-value ratio (LVR) is the percentage of a property’s value that is being financed through a loan. In commercial lending, lenders use the LVR to assess risk and determine…
Buying Your First Commercial Premises Finance Considerations
Buying your first commercial premises involves different finance considerations compared to purchasing a residential property. Lenders generally assess the business’s financial position, cash flow, deposit contribution, property type and intended…
Construction Loan Timelines What Borrowers Should Expect
Construction loans follow a different timeline to standard home loans because funds are generally released in stages as building work progresses. The process usually includes land purchase (if applicable), loan…
Corner Blocks, BattleAxe Blocks and Irregular Lots Do They Affect Finance
The shape and layout of a block of land can influence how lenders assess a finance application. Corner blocks, battle-axe blocks and irregular lots may attract additional scrutiny because they…
What Lenders Check Before Approving a Vacant Land Loan
Before approving a vacant land loan, lenders generally assess the borrower’s income, expenses, credit history, deposit amount and overall borrowing capacity. They also evaluate the land itself, including its location,…
Can Debt Consolidation Help Reduce Financial Worry
Debt consolidation involves combining multiple debts into a single loan or repayment arrangement. For some borrowers, this may simplify repayments, improve cash flow management or reduce the number of due…
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