Recently the major banks have been forced by government regulators to tighten lending policies for investment property. Rates have increased on Investment property loans and Interest only home loans of up to 0.27% across variable rate investment property loan. Loan to value ratios have also changed with borrowers now needing 20% of the purchase price for a deposit.
There is an alternative for affordable Investment Property Finance
With a shortage of housing in certain areas and strong property prices, property is still a great investment. First in Finance can provide investment property loans requiring a 10% – 15% deposit depending on individual circumstances.
We can also offer:
- Rates from 3.99%p.a. (4.06%p.a. comparison rate*) for <70% LVR
- No application, settlement or valuation fees**
- Up to 95% LVR for Owner Occupied and Investment, plus full fee capped^
- 24 hour turnarounds for that quick response
* Subject to credit assessment. Terms and conditions apply.
Take advantage of our complimentary property portfolio review.
With a changing finance environment and property market it’s a good time to review your own circumstances, balance of your portfolio, lifecycle and cashflow requirements. First in Finance are offering a complimentary review of your total portfolio to assist with refinancing existing investment property loans and undertake a financial health check on your borrowings.
To find out more contact us.