All Topics / Help Needed! / Lenders that accept majority of rental income.

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  • Just do it
    Participant
    @just-do-it
    Join Date: 2006
    Post Count: 10
    February 1, 2016 - 6:10 pm

    I’ve got 17 rental properties and now need to move away from the banks and their acceptance of only 6% yields towatds the h/l application (ie, CBA). All of mine are positive cash flow above 10%. I need a lender who will accept 80-100% of rental income to increase my servicabilty.

    Does anyone know of a lender who falls within this category?

    Thanks in advance :)

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010
    February 1, 2016 - 6:42 pm

    The vast majority of lenders accept 80% of the rental income, some lenders such as CBA and NAB will have yield caps.

    That’s just one tiny factor compared to a multiple other layers which will affect your borrowing capacity – have a chat with an investment focussed mortgage broker who can weigh all the factors up to find the best lending options.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

Viewing 2 posts - 1 through 2 (of 2 total)

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