NAB tightening up a little bit more

Discussion in 'Loans & Mortgage Brokers' started by euro73, 14th Oct, 2016.

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  1. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    More like a kick in the guts for investors. All the uncertainty over the last year has made brokers jobs harder, but there's more business than ever. Further lending restrictions drive business towards brokers, not away from them.

    After all, we do still have some options available. :)
     
    Last edited: 21st Oct, 2016
    albanga likes this.
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Hey brokers - When it says postcodes are removed (Parklea, North Parra etc) - What does that mean ??
     
  3. Phantom

    Phantom Well-Known Member

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    They are no longer part of the restricted geographic areas with a maximum LVR cap. Now they are an unrestricted area and the standard policy guidelines of the lender apply.
     
  4. Drgonzo

    Drgonzo Well-Known Member

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    Looks like that apparently foolproof strategy of investing as close as possible to the cbd just got a bit harder
     
  5. sash

    sash Well-Known Member

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    Have a look at the Sydney suburbs affected and requiring 80%...did not analyze if affects houses also...if that is the case...the sales levels on those suburbs will drop....and will have an impact on prices...if other banks follow.......that could be the start of the contagion.....
     
  6. Drgonzo

    Drgonzo Well-Known Member

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    Sounds good to me.
     
  7. sash

    sash Well-Known Member

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    Have a look at some of the Sydney suburbs that made the list...but a surprise even for me....
     
  8. Drgonzo

    Drgonzo Well-Known Member

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    its very widespread - paramatta, cabramatta, penthurst, in addition to most of the inner ring inner south suburbs.