And just when I thought I had hear the last of rental reliance, its made a BIG come back with the king of the serviceability chain.
AMP have confirmed that those of you with 10 IPs or more fall into the same grouping as bankrupts et al, since you are now rental reliant
Im chasing some real hard stats to see what they are basing their view on, but I expect its a Bit of a Kerry Packer Intellectual..........
ta
rolf
Unacceptable Borrower Types
AMP Bank will no longer consider applications where borrowers have more than 10 investment properties.
AMP have confirmed that those of you with 10 IPs or more fall into the same grouping as bankrupts et al, since you are now rental reliant
Im chasing some real hard stats to see what they are basing their view on, but I expect its a Bit of a Kerry Packer Intellectual..........
ta
rolf
Unacceptable Borrower Types
AMP Bank will no longer consider applications where borrowers have more than 10 investment properties.