It may be tougher to get finance for a property investment purchase, but it’s still possible to have one.

• As Banks become more cautious about deals, coupled with LVR restrictions, some investors find it very hard to get a loan.

• Property investors unable to borrow money from mainstream banks are turning to second-tier lenders to bridge the gap.

• Non-bank lenders & finance companies such as Liberty Financial, General Finance, Gold Band Finance & First Mortgage Trust are the places where investors turn to for they operate outside the Reserve Bank rules.

• However, APIA president Andrew Bruce urged caution for those who were determined to buy outside the bank rules.

See original source article »

» Stay tuned to the latest property news summaries, sent to your inbox weekly – sign up now.

Share Post