But don't give up yet!

Tips for financing an apartment

• Try to stick with apartments at least 50m2 in size, but anything above 25m2 can still be considered

• Two bedroom apartments are generally easier to finance than single bedroom apartments, and much easier than studio apartments

• Try to stick with apartments with their own car parking space

• If purchasing as an investment, use the equity in your own home or other investment properties to lower the LVR (loan to value ratio). This will make the lender more comfortable

• Try to avoid apartment blocks which contain a large number of holiday or short-term rentals - these tend to scare off the banks

• Just because your bank manager says it can't be done, don't give up without seeking specialised advice

And most importantly - use a mortgage broker who specialises in apartments! Financing apartments, especially inner city and studios, can be tricky at the best of times. Don't let a knock back or two hold you back from your dream apartment.

A good mortgage broker will have access to the major banks for your typical apartment purchase, but will also have access to specialised lenders who can help with high-density, high-rise and CBD apartments, as well as serviced, dual-key and holiday apartments.

ApartmentReviews.com.au in partnership with Equita Financial Services can help find the right home loan for your next apartment, or even get a better deal on your existing apartment loan.

When combining the resources of ApartmentReviews.com.au with the knowledge and experience of Equita Financial, you're sure to find the right home loan for your next apartment.

Complete the form to the right for more information.

You should be aware that specialist lenders who lend against specialist apartments will often charge a higher rate of interest, and will sometimes require a higher deposit (lower LVR). But if the bank won't help, and the sums still add up for you, using a specialist lender could be the solution you're looking for.