Thanks for that.
The Lender is St. George

I’m trying to buy my first property and going thru a mortgage broker.

I can buy an expensive studio in an expensive tourist area and holiday let for most of the year in which case my “rental” return would yield 10.47%. I would live in it 6 months of the year which would initially decrease my return but get $7000 grant plus save $7000 on stamp…[Read more]

It was at the bottom of an online property advertisement. It didn’t seem to have a particular context which is why I just couldn’t figure it out.

Thanks for your response. I’ll aim for an interest only loan option after due diligence.