We have a trust and the income is distributed via capital gains. Are there any lenders that will lend us for our next IP if our income is all capital gains income? I spoke with CBA today and they said no.
We have a trust and the income is distributed via capital gains. Are there any lenders that will lend us for our next IP if our income is all capital gains income? I spoke with CBA today and they said no.
We have a trust and the income is distributed via capital gains. Are there any lenders that will lend us for our next IP if our income is all capital gains income? I spoke with CBA today and they said no.
sorry guys - we have purchased property in the past 3 years and we have sold these properties and made capital gains. We have a trust set up and this income has bene distributed via the trust.
sorry guys - we have purchased property in the past 3 years and we have sold these properties and made capital gains. We have a trust set up and this income has bene distributed via the trust.
Westpac made a change last week whereby they only require the last 2 years NOA's (i.e. for 2010 and 2011).
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You need a lot of paperwork for the other lenders. Would make life easier if CBA and the rest of lenders would do this.