Home loan Question!

[mmhmm]

Hey Guys

Hoping somebody can chime in with some advice. Looking at buying our first property. Our current broker said, the banks won't lend any extra for renovations which has shocked us since sometimes the homes we inspected needed floors to be re-done, painted new walls , doors repaired etc.

Does anybody have any experience with this or are all banks just going to say that they will only finance the home and not any renovations?

I thought we could buy a home thats cheaper and renovate it.

Any advice would be great or for people that have gone down this track

Cheers