BROKER LOCATIONS
FAVOURABLE PURCHASE LOAN FINANCE
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Favourable purchase loans are designed to help the borrower finance a home where the property is purchased at a price less than it's value.
The most common situation is when children are buying a property from their parent's at a discounted price. The lender will take the valuation as the correct value, allowing the borrower to purchase without a deposit.
The purchaser must qualify for the favourable purchase loan in line with normal lending policy, including income and satisfactory credit history.
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