Exclusive Property Homes Loan Wollongong

Loans above the standard range, sometimes called prestige or high value lending, are assessed more carefully. Lenders apply tighter loan to value limits, order more detailed valuations and scrutinise income and assets more closely because the pool of buyers for premium property is smaller.

Structuring matters more at this level, and the right lender depends on the property, the location and how your income and assets are held. We tailor the approach to your circumstances.

Lenders often require a larger deposit on high value purchases, with loan to value limits tightening as the loan size increases. Lenders Mortgage Insurance can also be harder to obtain on very large loans, which can effectively require a bigger deposit.

The exact requirement depends on the loan size, the property and the lender, so we confirm the numbers for your specific purchase up front.

Yes. High value and unique properties can be harder to value because there are fewer comparable sales, so lenders often commission more detailed valuations and may take a conservative view.

A conservative valuation can affect how much you can borrow, so we choose lenders whose approach suits the property and, where useful, order upfront valuations before committing.

Often yes. Buyers of premium property frequently have income from business, investments or trusts. Lenders in this space are used to assessing complex income and asset positions, though the evidence required is more detailed.

We structure the application and documentation to present your position clearly, working with your accountant where needed.