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From: H T
A funny thing happened to me when I went to the locaal bank to get some papers for our new PPOR. The loan person said we could lend another 500k (currently have about 1.3) odd but that we may be viewed as being to "rent reliant" before they let us have much more, despite our ip's coming in about even and our hefty incomes and an lvr in the low 60's. I thought the name of the game was to be rent reliant right up till you live off the rent from them increasing through gradual rent increases.
Are these people getting nervy at what they've lent us or is it time to start doing business with another bank so they start fighting for our business??
I wonder how these punters get to own 80 properties then, cause i cant see anyone would not rely on the rent to pay the interest on the loans on 80 properties
Have the banks cottoned on to vacancy rates or something??
A funny thing happened to me when I went to the locaal bank to get some papers for our new PPOR. The loan person said we could lend another 500k (currently have about 1.3) odd but that we may be viewed as being to "rent reliant" before they let us have much more, despite our ip's coming in about even and our hefty incomes and an lvr in the low 60's. I thought the name of the game was to be rent reliant right up till you live off the rent from them increasing through gradual rent increases.
Are these people getting nervy at what they've lent us or is it time to start doing business with another bank so they start fighting for our business??
I wonder how these punters get to own 80 properties then, cause i cant see anyone would not rely on the rent to pay the interest on the loans on 80 properties
Have the banks cottoned on to vacancy rates or something??
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