Hi,
Sorry if this seems a dumb question but I'm new to property investment.
I'm an Australian citizen living in the UK for the next 3 - 5 years.
Trying to buy an investment property in Australia.
Have a home in Brisbane currently rented at $300 pw, realistic estimated market value of the home £450,000.
Trying to find out if it would be possible to get a low doc loan to buy an investment property. My only BAS in Australia is for the property rent received.
$6,000 left to pay on the mortgage
$67,000 in advanced payments that can be used
$65,000 in cash
Can anyone tell me if I would have a chance of qualifying for a loan.
Thanks for any help and great forum!
regards
Pimlico
Sorry if this seems a dumb question but I'm new to property investment.
I'm an Australian citizen living in the UK for the next 3 - 5 years.
Trying to buy an investment property in Australia.
Have a home in Brisbane currently rented at $300 pw, realistic estimated market value of the home £450,000.
Trying to find out if it would be possible to get a low doc loan to buy an investment property. My only BAS in Australia is for the property rent received.
$6,000 left to pay on the mortgage
$67,000 in advanced payments that can be used
$65,000 in cash
Can anyone tell me if I would have a chance of qualifying for a loan.
Thanks for any help and great forum!
regards
Pimlico