Hi,
I am seeking advice on finance for property purchases. The problem is that I am finding a lot of banks etc wont lend unless you have the good old mundane form of income ie: work. I sold my business some time back and have healthy equity and passive income. I dont get why a "job" is classed as more secure than a 5yr signed lease. I would think that one could lose a job easier than a lease would fall over ( commercial anyway). What I need to know is who will lend me the money, 65% loan is fine, I can fund the 35% deposit and stamp duty. Any assistance or input is most appreciated. I am located in Perth.
Thanks in advance.
I am seeking advice on finance for property purchases. The problem is that I am finding a lot of banks etc wont lend unless you have the good old mundane form of income ie: work. I sold my business some time back and have healthy equity and passive income. I dont get why a "job" is classed as more secure than a 5yr signed lease. I would think that one could lose a job easier than a lease would fall over ( commercial anyway). What I need to know is who will lend me the money, 65% loan is fine, I can fund the 35% deposit and stamp duty. Any assistance or input is most appreciated. I am located in Perth.
Thanks in advance.