Bank That Will Lend on Strata Property with Slight Cladding Issue

plasmog on 22/04/2025 - 14:41
Last edited 22/04/2025 - 14:49 by 1 other user

I have purchased an apartment in Melbourne.

Very frustrating but Bendigo bank refuse to lend on it due to what the valuer observed as "possible flammable cladding", despite having evidence from strata that council investigated this and were satisfied the cladding is not in fact flammable (it is a different material).

Are there any lenders who are more lenient on this, especially given there's no evidence of anything flammable there?

I need a quick loan to settle.

• 

  MS Paint on 22/04/2025 - 15:06

  +14

  Get a broker.

  • 

    DashCam AKA Rolts on 22/04/2025 - 17:09

    +1

    Get a fixer.

    • 

      MS Paint on 22/04/2025 - 17:10

      +3

      Bob the broker, can he fixer it? 🎺🎻🎹

• 

  CheapskateQueen on 22/04/2025 - 18:53

  i mean the big banks will be a good place to start

• 

  holdenmg on 22/04/2025 - 19:28

  Try a non-Bank lender like Resimac / homeloans.com.au

• 

  wetsandwich on 23/04/2025 - 12:00

  +1

  CBA will lend to pretty much anything with a pulse or an income, so try them, if they won't lend then definitely nobody else will.
  They may require 20% deposit though with no possibility of LMI.

• 

  plasmog on 23/04/2025 - 14:06

  +5

  Update bendigo approved