Investor Lending high LVR P&I

Discussion in 'Loans & Mortgage Brokers' started by Madcatters, 5th Oct, 2017.

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  1. Madcatters

    Madcatters Active Member

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    HI All,

    With all the talk about high LVR IO lending and APRA tightening etc meaning you need to borrow at 80% or lower now, how does P&I investment borrowing sit in the whole scheme of things? Is 90% P&I borrowing almost impossible now as well as IO?

    Thx
     
    Madcatters, 5th Oct, 2017
    #1
    Colin Rice likes this.
  2. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    Plenty of options for P&I 90% for investment. Lot less options at 90% for IO.
     
    Colin Rice, 5th Oct, 2017
    #2
  3. Corey Batt

    Corey Batt Well-Known Member

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    Easy peasy to get P&I IP lending to 90% LVR- and with the lenders for the most part under their caps, there's speculation to see what easing we will see on interest only investment lending. This can come in the form of the IO/P&I interest gap reducing, opening up IO lending above 80% potentially etc.
     
    Corey Batt, 5th Oct, 2017
    #3
    adam duckworth likes this.
  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    subject to a million things : )

    ta

    rolf
     
    Rolf Latham, 5th Oct, 2017
    #4
  5. Corey Batt

    Corey Batt Well-Known Member

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    You know how it is these days Rolf - after the hoops we jump through on a daily basis getting the stars, sun and moon to align starts looking like the normal thing to do over breakfast. ;)
     
    Corey Batt, 5th Oct, 2017
    #5