Can I borrow on a property with a caveat?
A caveat generally prevents the registration of any transactions affecting a property, including a mortgage. Therefore your financial institution may need you to deal with the caveat before or at settlement of the loan and mortgage transaction.
Where the caveat secures a debt, the caveat may be dealt with by paying out the debt or by some other arrangement with the person who lodged the caveat.
For more information, please make a free appointment with an expert Aussie Broker.