hi,
Been reading for a while and a lot of great information. Just recently signed a contract to purchase first investment property in Vic town.
Being self employed i am finding it extremely difficult dealing with the CBA who i have been with for long time and have PPOr loan. Spoke with them 4-5wks ago to discuss and they indicated everything fine go forth and sign contract
Basically:
have PPOR since 1999, inner melbourne, worth around 520k, and have loan at 50k with 67k in redraw
looking to purchase for 213k regional vic, tenanted at $210/wk (bit of scope for improvement there)
myself and partner earn around 55-60k pa, they have missed "14 day subject to finance" and we have since got extension for a week, but really unsure if its going to get through
whereto for finance, take everything over to another bank? or are self employed a casualty of the credit tightening
been ordinary the past few days
thanks
Been reading for a while and a lot of great information. Just recently signed a contract to purchase first investment property in Vic town.
Being self employed i am finding it extremely difficult dealing with the CBA who i have been with for long time and have PPOr loan. Spoke with them 4-5wks ago to discuss and they indicated everything fine go forth and sign contract
Basically:
have PPOR since 1999, inner melbourne, worth around 520k, and have loan at 50k with 67k in redraw
looking to purchase for 213k regional vic, tenanted at $210/wk (bit of scope for improvement there)
myself and partner earn around 55-60k pa, they have missed "14 day subject to finance" and we have since got extension for a week, but really unsure if its going to get through
whereto for finance, take everything over to another bank? or are self employed a casualty of the credit tightening
been ordinary the past few days
thanks