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1 in 10 cant get finance?

Discussion in 'Property Finance' started by tobe, 11th Apr, 2016.

  1. tobe

    tobe Well-Known Member

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  2. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    I'd assume it's higher than 1 in 10!

    But then again - most brokers on here would be dealing with multiple property ownership as opposed to a first/once off purchase.

    Cheers

    Jamie
     
    Terry_w likes this.
  3. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    I would have thought it much more than 1 in 10.
     
  4. D.T.

    D.T. Adelaide Property Manager Business Member

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    Probably people thinking they're smart enough to go banks directly?
     
  5. euro73

    euro73 Well-Known Member Business Member

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    It's only been 8 or 9 months since the changes.... these ratio's/percentages will increase as more time passes.
     
  6. tobe

    tobe Well-Known Member

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    Maybe the other 9 haven't applied for finance over the last year.
     
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  7. jpcashflow

    jpcashflow Well-Known Member Business Member

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    lol I think this is a stat that has no substance... I know plenty of customers who can't even borrow more so there is no need to apply for a loan at all.
     
  8. sash

    sash Well-Known Member

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    Correct....this is a bit misguided...I have not hit that wall yet or rent reliance everyone talks about even though rents are now 2.5 times income.

    You have to be creative an never take no for an answer.
     
  9. jpcashflow

    jpcashflow Well-Known Member Business Member

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    I agree being creative is the KEY.
     
  10. dabbler

    dabbler Well-Known Member

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    deposits are the challenge IMO, many people do not explore all options or accept when they get told - can't do anything more.