Hi every one, maiden post inc…..just wonted to know peoples thought's on the under 50m2 rule/student accom since there appears to be more and more of this type of property esp in the CBD's now.Do you think banks will relax or get more strict over the future years on the general 70% lend rule when dealing with property of this type.I know it's a bit of crystal balling but i would like to know your thought's on the topic thanks..
70% would be max at the moment and then it would depend what other exposure the lender had in that complex.
I cant see at the moment any reason why lenders or more importantly the mortgage insurers will change.
Richard Taylor | Australia's leading private lender
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