Search results

Thank you to everyone's responses. It's very reassuring!

Thanks, had no idea Suncorp was so limiting. They have been good to deal with for the first couple of loans.

Thanks for your helpful advice Shahin! I will contemplate a 20% deposit to save on LMI.

I guess I like to minimise the loan against PPOR so I thought using funds in the offset makes sense. Good to hear that there are other lenders out there that will loan me more than Suncorp. I won't need 800k, but I would like to consider properties in the 500s.

Yes, I'm well aware not to apply with multiple lenders. My current lender is Suncorp Bank. They also gave me the pre-approval for a second loan. When I was looking at properties last year under 450k, the proposed rent was 400-450pw. I am not married and no dependents. The deposit...

I recently got a pre-approval from a bank for 450k to purchase a second IP and wondered if there is another bank that could lend me more. The pre-approval I have received is based on the following: Salary income: 77k per annum (gross) I currently have a loan for an IP. Here's the...

I've been researching for an investment property in Brisbane/Logan and just wondering what people's thoughts are on some suburbs. My budget is 400-500k. I'm look for a reasonable rental return to support serving the loan as well as capital growth in the medium-long term. Being fairly new...

Had a chat with Suncorp bank this week and the lending consultant didn't seem concerned with the probation issue so that's a good sign! Thanks for all the replies.

Good to hear that it is possible. I am doing a similar role (marketing) but in a different industry.

Thanks! I'm not liking my chances of getting a loan while on probation...

I am about to start a new job where I will be on 6 month's probation. What are my likely chances of getting a loan for a second IP? I have been working for more than 10 years and in that time, have never been unemployed. The new job I am going to is a similar role to my current job and...