BrizzaParticipant@brizzaJoin Date: 2003Post Count: 75
I noticed on HSBC’s borrowing power calculator, they have a provision for “living at home with parents” which improves your serviceability.
Do all lender’s have this? Or do only some allow for people still living at home with their parents? If so, which ones do?woodsmanMember@woodsmanJoin Date: 2004Post Count: 714
In all my applications for finance (which covers 4 separate lenders – CBA, Westpac, St George & Macquarie), they have all wanted to clarify current living arrangements. That is
Living in own PPOR? Renting? OR are you living at home with parents.MortgagemanParticipant@mortgagemanJoin Date: 2004Post Count: 164
All lenders will take into account current living arrangements. It is possible to have no current rent included in serviceability if your parents provide a stat dec stating this.
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