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From: Anonymous
Do any lenders take into account the tax savings from a negative geared property when looking at loans and if the borrower can service the loan.
If an investment property is only going to cost me $150 a month (using PIA software) after rent and tax savings and I have enough equity to keep both residence and I/P properties at 90% LVR I would expect lenders to be only to happy to give me the funds needed.
The problem is they are wont if they only take into account my wage and rent.
Any solutions?
Michael
Do any lenders take into account the tax savings from a negative geared property when looking at loans and if the borrower can service the loan.
If an investment property is only going to cost me $150 a month (using PIA software) after rent and tax savings and I have enough equity to keep both residence and I/P properties at 90% LVR I would expect lenders to be only to happy to give me the funds needed.
The problem is they are wont if they only take into account my wage and rent.
Any solutions?
Michael
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