Check out this article about savings and property purchase… if you're looking to purchase either an investment property or a home to live in, this article really captures how banks will look at your scenario these days…
http://www.theadviser.com.au/breaking-news/3717-no-savings-no-home
What d'ya reckon!?
Matt.
Hi Matt
Interesting article and it seems to bear out our current experience, i.e. we as vendor financiers have seen large increases in vendor finance buyer enquiry over the last six months. The increses we've seen are mostly from people with good serviceability but insufficient deposit (savings).
Not sure if I should thank the banks or not
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
Oh wow… I've not spoken with anyone who specialises in vendor finance. Yea, I guess you should be thanking the banks!! I was just looking at your website – do you do stuff in WA?
Cheers!
Matt
A Credit License is required in WA for undertaking instalment finance and due to the constraints and costs most investors do not offer such products in that State.
We are also receiving more and more enquiries from clients in Qld who are seeking Wrap terms and suprised at the quality of the type of client the applications are coming from.
Richard Taylor | Australia's leading private lender
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