Managed Fund Income Distributions used for Serviceability

Discussion in 'Loans & Mortgage Brokers' started by melbourne171, 10th May, 2020.

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  1. melbourne171

    melbourne171 Well-Known Member

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    A-REIT statement shows consistent monthly income distributions. I am wondering if the lender count this in serviceability calculation.
     
    melbourne171, 10th May, 2020
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  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Depends on how long you have been in receipt.
    Generally treated the same as shares and mostly not taken into account, some lenders will after 2 years though - with heaving shaving.
     
    Terry_w, 11th May, 2020
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  3. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    Some do, some don't but you'll need a couple of years worth generally speaking.
     
    Jess Peletier, 11th May, 2020
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