Unlisted Postcodes and the Mortgage Industry: What You Need to Know

Understanding the challenges faced by lenders when dealing with unlisted postal codes in the mortgage process

Unlisted postcodes, also known as “category 4” postcodes, can present a challenge for lenders in the mortgage industry. These postcodes refer to areas that are not officially recognised by the Australia Post or do not have a specific postal code assigned to them. This can make it difficult for lenders to accurately assess the risk associated with a property located in an unlisted postcode.

Mortgage Street, a leading lender in Australia, understands the challenges that unlisted postcodes can present. The company has developed Specialist products that are specifically designed to address the unique needs of borrowers living in unlisted postcodes. These products are tailored to meet the needs of borrowers and help them access the financing they need to purchase or refinance a property.

One of the key advantages of Mortgage Street Specialist products is that they accept unlisted postcodes. This means that borrowers living in areas that are not officially recognised by the Australia Post can still access the financing they need to purchase or refinance a property. This is a major advantage for borrowers who may have been denied financing by other lenders due to their location.

It’s important to note that, while unlisted postcodes can present challenges for lenders, they do not indicate a higher risk for borrowers. Mortgage Street understands this and has developed products that consider the unique needs of borrowers living in unlisted postcodes. So if you’re looking to purchase or refinance a property in an unlisted postcode, consider using Mortgage Street Specialist products from Mortgage Street.

Don’t let unlisted postcodes stop you from owning your dream home. Contact Mortgage Street mortgage brokers today to learn more about Mortgage Street Specialist products and how they can help you access the financing you need to purchase or refinance a property.