The Money Is Still Flowing

Graeme Salt Uncategorized 2 Comments

Despite recent changes to investor lending introduced by the banks, many borrowers can still get a loan – and at great rates.

Prompted by pressure by the Australian Prudential Regulatory Authority (APRA), many lenders are reducing the amount they will lend to investors.  However, a buoyant property market, combined with a competitive banking system, means that there are still lenders who offer:

  • 95 per cent of a property’s value
  • 85 per cent of a property value without requiring Lenders’ Mortgage Insurance
  • Low- doc loans up to 85 per cent of a property value
  • 12 month real pre approval for off-the-plan purchases
  • No postcode restrictions on a property’s location

And lenders are still competing aggressively for your business – one is even offering an interest rate of 3.99 per cent.

This week, AMP Bank also announced that they would pay $1,000 for owner occupiers to refinance with them.

With tentative signs of a moderation in hot property markets investors, armed with low rates, may well be able to make the acquisitions on their wealth creation plan.

Money2

 

 

 

Comments 2

  1. Doug Daniell

    HI mark

    yes we can organise that sort of finance for you. Please contact us so that you can provide some more information to see if we can help your specific enquiry

    Doug

Leave a Reply

Your email address will not be published. Required fields are marked *