can't remember if this a norm.
spoke to an ANZ broker yesterday and the lender is assessing only 80% of my rental income and their safety net for interest is +2%!!!! still need to cough up with 5% deposit of cost but that's not an issue for me.
goodness gracious, that'll take another few years before i can buy another IP.
so, is that always the case? any other banks or lenders less strict?
help appreciated.
spoke to an ANZ broker yesterday and the lender is assessing only 80% of my rental income and their safety net for interest is +2%!!!! still need to cough up with 5% deposit of cost but that's not an issue for me.
goodness gracious, that'll take another few years before i can buy another IP.
so, is that always the case? any other banks or lenders less strict?
help appreciated.