http://cpd.org.au/2008/07/affordable-housing-through-leasehold-title/ Making good ideas matter Mon, 13 Feb 2012 08:05:00 +1100 hourly 1 http://wordpress.org/?v=3.3.1 http://cpd.org.au/2008/07/affordable-housing-through-leasehold-title/#comment-1874 Stewart Mon, 18 Jul 2011 22:05:25 +0000 http://cpd.org.au/archives/4670#comment-1874 Why is it not possible to obtain a mortgage loan (in my case only $30,000 ) for a legitimate retirement complex property? I had to abandon my search for a loan after trying about 8 different lenders including my own bank NAB. I would have about $350,000 equity in the property, with full disposable rights. Because the property is classed as 'Leasehold' no-one is interested. Is there any avenue out there? Why is it not possible to obtain a mortgage loan (in my case only $30,000 ) for a legitimate retirement complex property? I had to abandon my search for a loan after trying about 8 different lenders including my own bank NAB. I would have about $350,000 equity in the property, with full disposable rights. Because the property is classed as ‘Leasehold’ no-one is interested. Is there any avenue out there?

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