Hi everyone,
Can anyone explain if there is a different criteria when applying for a loan in relation to neg. geared versus positive geared?
Cheersmarisa
financing will still come down to deposit, income and expected/existing rental return.
if the return is stronger then it will be a stronger deal.
case by case – post some math to work with and i’m sure some other answers will be forthcoming from the forum punters.
cheers
brahms
If you don’t ask, the answer is no!!
Hi Marisa,
Spent some of the afternoon playing with some numbers with a broker and you would be surprised how differently lenders treat the same set of circumstances.
At the end of the day you need to meet a particular lenders service and security checks – once these are met to the lenders satisfaction then it is largely full steam ahead.
Most banks will typically recognise around 70%-80% (there are exceptions who recognise more than this) of rental income and as such a positively geared property gives back more under these cicumstances than a negatively geared property.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
Thank you for replies, I am now focussing on +ve props and this is very helpful. CHeers
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