EPISODE 210 - AXIS LENDING: Paul Grant

The SDA HOUSING Podcast

Flying all the way from Perth to Brisbane for a 3 hour meeting, we have Paul Grant from Axis Lending. He must not have heard of Zoom! Just kidding, what a wonderful gesture, thank you Paul!!!
Paul sits down with Minh in the office to discuss the process of obtaining finance for an NDIS investment property, and whats needed to understand from an investor's perspective. He explains why the main banks and lenders are not currently lending for SDA and everything the investor should be aware of from fees to valuations and time frames involved in the entire process, from pre qualification, or borrowing capacity determination to final approval.
As finance is the most important part of the purchase process, we cannot emphasize enough the importance of getting this critical stage sorted out, before you even go shopping for a SDA property. This process normally take 1-3 weeks, for BORROWING CAPACITY, then preparation of docs and assessment, to achieve PRE-APPROVAL. Then the VALUATION process is 5 or so weeks, then the FORMAL APPROVAL is being worked on, and then another 2-3 weeks to arrange for SETTLEMENT (assuming blocks are titled and ready). Overall, the total process should be about 10 weeks, and most likely 12 weeks if waiting on EQUITY RELEASE from the current home loan lender.
Thus the reason why "FINANCE" is the most important step in your journey of SDA acquisition, because there is so many moving parts to achieve the ultimate goal, which is FORMAL APPROVAL.
Website - https://www.axislending.com.au
Contact - [e-mail]

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It is our goal to see Participants with high-needs disabilities being appropriately housed in accommodation that is right for them. Purpose built homes promote opportunities for social and economic participation, enhance self-determination, and create conditions for Participants to lead vibrant, safe, and independent lives.
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Information contained in this podcast is general in nature only. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information and should seek independent and professional advice for your personal circumstances.
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