Investor friendly lenders?

[Purple Patch]

I am looking at refinancing some IP loans currently held with a big 4 bank. They have come off interest only periods and they will not let me remain on interest only. I have left full time employment (18 months ago), and now work in a small business, with ABN etc. Rental income is being put up as we speak, however I am finding I have a problem with serviceability, as 100% of the rent is not used towards serviceability.
Are there lenders who allow 100% use of rent for serviceability, without going to the higher end of the interest scale?

Purple Patch

 

[Rolf Latham]

Hiya Purple

Id be looking to sit with a good indpendent broker. There are a few that post here that may be able to sort your challenge.

There are lenders that use 100 % of rental, but thats only one part of the puzzle

In Melb theres Medine

www.mfsimmons.com.au

Rolf Schaefer

http://www.rjafinance.com.au/


And Peter T

http://www.sagelending.com.au/


And some others as well

ta
rolf