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Major Bank Imposes Restrictions on Investors

July 8, 2015 in Insider Tips, Latest News by admin  |  Comments Off on Major Bank Imposes Restrictions on Investors


Westpac Bank has announced significant changes to their lending policies for borrowers seeking to purchase an Investment Property.

Westpac will restrict investors to loan amounts up to 80% of their property value. This will impact greatly on the tax deductions able to be achieved by Westpac clients as they will now be required to contribute the 20% Deposit + Stamp Duties + Purchase Costs from their own funds rather than being able to borrow these amounts and claiming the interest as a tax deduction.

Whilst several other Banks have also announced similar restrictions on investors,  industry insiders do not anticipate these policies to be adopted by the entire banking industry.

Q:    Can Investors access loans that will allow them to borrow more than 80% of their property value ?

A:   YES … Our Mortgage Specialists have access to over 30 Banks and can source a Bank who has NOT introduced restrictions or discrimatory approval policies targeting Investors.


Please click on “CONTACT US” if you wish to know more or feel free to speak with an experienced Mortgage Specialist on ph: (07) 5527 4744 to ensure you are able to source the right loan to suit your specific requirements.


Posted in Insider Tips, Latest News.