All Topics / Finance / Lenders that take into account living with parents
I noticed on HSBC’s borrowing power calculator, they have a provision for “living at home with parents” which improves your serviceability.
Do all lender’s have this? Or do only some allow for people still living at home with their parents? If so, which ones do?
Brizza,
In all my applications for finance (which covers 4 separate lenders – CBA, Westpac, St George & Macquarie), they have all wanted to clarify current living arrangements. That is
Living in own PPOR? Renting? OR are you living at home with parents.
All lenders will take into account current living arrangements. It is possible to have no current rent included in serviceability if your parents provide a stat dec stating this.
Yes all bank will accept that.
Cheers
PropertyGuRu [sultan]
Mortgage Consultant
[email protected]
MSN ID: amitash, Yahoo Id: bornguruNZ loan pre approval from OZ in 48 hours
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