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  1. B

    ME bank

    <<<<They take 75% of rent as the figure for loan repayment and allow IR to go up ~2% when calculating ability to repay loan, therefore your CF+ IP would have to have a rental yield of ~12% to be considered self-funding.>>>> Thx Bill, OK, best I can do before tax is 7%...after tax I'm not...
  2. B

    ME bank

    Hi Bill, I see though that they will give 95% loans....Have u had any problems getting finance if your current IP's are CF+ ? JB
  3. B

    ME bank

    Thx...Might give them a call. JB
  4. B

    ME bank

    Does anyone know who is backing the new ME bank? I haven't really been following the news much and they seem to have appeared fairly suddenly without much fanfare, but maybe that's just me with my head in the clouds again :) They seem to have some good loans on offer, but are they safe...
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