All Topics / Finance / Non genuine savings loans

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  • Profile photo of Joseph12Joseph12
    Member
    @joseph12
    Join Date: 2008
    Post Count: 57
    April 16, 2010 - 10:28 pm

    Does anyone know which lenders still offer these products?

    Thankyou

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    April 17, 2010 - 6:29 am

    Yes there is a few even going upto 95% lvr but everything else needs to be squeeky clean.

    Richard Taylor | Australia's leading private lender

    Profile photo of jsawtelljsawtell
    Participant
    @jsawtell
    Join Date: 2007
    Post Count: 57
    April 18, 2010 - 5:01 am

    Hi Richard,

    Are banks willing to consider servicability based on 1 years return? Previous year was hit hard by stock losses.

    Regards
    Jason

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    April 18, 2010 - 10:21 am

    Jason

    If you mean 2008/2009 then Yes as long as trading stocks is not your standard occupation.

    With 2 years Tax returns many lenders will take the 2009 figures and even for confort can work off the 3 Quarterly BAS statements if needed.

    Richard Taylor | Australia's leading private lender

Viewing 4 posts - 1 through 4 (of 4 total)

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