income from a lease - any good for servicability?

To the brokers or those with knowledge of servicability stuff -

For servicability purposes, how is an income stream from a lease viewed??

Is it the same as employed income? If not, what percentage would be viewed as valid as income?

I have low employed income but get a lease stream.

Any creative ways of maximising the benefit for me, if I wish to borrow more for IPs?
 
Hi Giddo,
The MB's can confirm but I think that it varies with lenders and they will accept between 70-80% of the rental income and add it onto your personal income. CBA used to also allow a neg. gearing benefit. Not sure if others do this.
 
Yes everything from nothing (Some lenders wont include rental income if the property is inner city) upto 100% of the Gross income if the property is not being used as security.

But as has been stated rule of thumb allow between 75-80% of the gross rent or lease income to be added to your own net income (Adjustments such as NG can be made).

Varies from lender to lender with vast difference in end result.
 
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