Are there currently any 100% IP mortgages? (Have collateral)

So just bought our first home, settled recently. Looking to purchase our first IP. Wanting 100% of the mortgage value if possible.

Three questions:

1. are there any 100% products available currently

2. is it possible to get an IP loan so soon after getting first?

3. could I possibly use other assets as collateral without having to sell them. I have ETFs and BTC (highly doubt a bank would count or look at the BTC but just putting it out there).

We are looking at this stage at Gold Coast, possibly Sydney.

thank you

 

1. There are no 100% products. There never have been for investment purposes.

2. You can make another purchase as soon as you're ready.

3. The most you can usually borrow against an investment property is 90% of its value, unless you have other acceptable collateral. I don't think lenders are going to accept ETFs and Bitcoin as collateral, it's simply too volatile.

 

If you have enough equity in your PPOR, you could borrow 25% against this property, and have the second loan of 80% against the new property. That’s how most people do it.

 

Yeah that's how I've done it for most of my properties.
Set up 2 loans - 1 as the 'main' loan with the higher amount and another smaller one using equity from another property to fund deposit and closing costs.

 

Yep. Loan against PPOR for deposits, stamp duty etc. 80% loan secured against the property. That way all properties are stand alone. Borrowing everything. All tax deductible.

 

Given you've just purchased your first home it'll be unlikely there is any available equity.

Parental guarantee is a possibility where we've done 105% LVR for investment purchase but can't do it now that you own an existing property.

 

If youre lucky, you may get an AVM that comes back higher to lend against if you have no other security.

 

look at debt recycling

 

No.
You can borrow 100% plus costs if you have enough equity in another property though, eg, 25% secured by other property only, to be used as deposit and costs of new property being purchased + 80% LVR loan secured by the new property being purchased only.

If you've only recently settled on the existing property purchase then unlikely there will be enough equity in it although sometimes Automated valuations can be quite generous, you may need to refinance to another lender.

Yes.
As long as serviceability works and you have enough for the deposit and costs for another purchase.

No.