All Topics / Finance / Rental Income

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  • Profile photo of SpankySpanky
    Member
    @spanky
    Join Date: 2004
    Post Count: 102
    March 28, 2006 - 2:48 pm

    Hey guys,
    Been a long time since I’ve been here but I’ve spent the last 12 or so months putting your theory into practice. I realise this question has probably been asked a number of times before but I’m not sure what category I should search for it under…

    What percentage of rental income will banks take as actual income when calculating servicablility for a loan?
    Thanks for your help,
    Spanky

    Age doesn’t negate effort – you can never be too young or too old.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 28, 2006 - 4:38 pm

    Usually 70 to 80%, but some take 100% (eg HSBC).

    Terryw
    Discover Home Loans
    Parramatta
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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