Mortgage lenders close up shop on Du Val properties
Prospective buyers of Du Val Group apartments and townhouses are being left high and dry as banks and non-bank lenders back out of approved mortgage loans in the stricken group’s residential developments.
The fallout from the move of various Du Val Group entities into statutory management by the Financial Markets Authority has spread to prospective buyers in the developers’ finished properties as banks and other lenders blacklist the group’s developments.
One buyer – who paid an $83,000
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