Pollyanna replied to the topic New bank regulations on I O loans and property portfolio investors. in the forum Finance 7 years, 9 months ago
Thanks Corey,DT and Terry. We are going through the revaluation process at the moment, and waiting for financials to be finalised, so I am still in the “finding where we stand” section of this journey.
Bank has paid for the valuations-1st plus.Hopefully they will give me the valuations if I request them, as they have in the past. Financials are…[Read more]Pollyanna replied to the topic New bank regulations on I O loans and property portfolio investors. in the forum Finance 7 years, 9 months ago
Thanks Corey,DT and Terry. We are going through the revaluation process at the moment, and waiting for financials to be finalised, so I am still in the “finding where we stand” section of this journey. Bank has paid for the valuations-1st plus.Hopefully they will give me the valuations if I request them, as they have in the past. Financials are…[Read more]
Pollyanna replied to the topic New bank regulations on I O loans and property portfolio investors. in the forum Finance 7 years, 9 months ago
Thanks Corey. Your last sentence hit the nail right on the head. we have been property investors for the past 20 years,and age has crept up on us. Nearing retirement, the substantial cashflow has gone. Everything has gone according to plan, except this curve ball which has been thrown. 10 years ago, IO loans were the next best thing, freeing cash…[Read more]
Pollyanna started the topic New bank regulations on I O loans and property portfolio investors. in the forum Finance 7 years, 9 months ago
Hi all,
Curious to hear how other multi property investors are are dealing with the new 10 year IO regulations which most banks seem to be adopting? Coming from the mid 2000 investment property junket, this new change has had a huge impact on me. On 20 year loans, the max has been reached, and I am now faced with P&I for a large number of…[Read more]Pollyanna became a registered member 7 years, 9 months ago