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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.

New + experienced Property Investors are becoming increasingly frustrated by the new lending rules which differ greatly from Bank to Bank.

The good news is … If your Bank says “No” other Banks may say “Yes”.

Please contact our Mortgage Specialist as they know all the new rules and can inform you as to which Banks can help & which Banks can’t.

Australian Banks have CHANGED THE RULES FOR INVESTORS in response to the concerns of the government regulatory authorities (APRA + ASIC) over the perceived “High Levels of Investment Debt” currently in the market place & the potential ramifications for borrowers if the speculation over the bursting of the “Sydney Property Bubble” was to become a reality.

HOW DOES THIS IMPACT INVESTORS ???

Banks have reacted with varying methods to address the concerns of ASIC + APRA with more announcements anticipated over the next few days / weeks.

Listed below are several examples of the differing Lending Policy Changes announced by the Banks to date:

• CBA – Higher Interest Rates for Investors 

• BankWest – Investors required to contribute a minimum of 20% Deposit / Equity

• NAB – Investors restricted from receiving Discounts on Interest Rates 

• Westpac – Borrowing Capacity for Investors to be reduced – Negative Gearing no longer to be considered in serviceability calculations 

• ANZ – Discounts not available for Investors who do not have a ANZ Home Loan

DPF Mortgage Specialists will continue to receive regular updates directly from the Banks and can assist you and your friends / family to navigate through the confusion and varying options if require funding for:

1. Purchase an Investment Property
2.  Shares 
3. Refinances of Investment Loan 
4. “Other” Investment opportunities

Did you know you can be Pre-Approved for up to $150,000.00 if you:

1. Have a Home Loan
2. Have an ABN & Registered for GST for 2 years
3. Have no arrears or defaults noted on your Credit Report

DPF CAN SAVE YOU $$$ with Low Interest Rates + Low Loan Repayments on your Vehicle Finance.

PLUS 

DPF CAN SAVE YOU EVEN MORE $$$ by using my industry contacts to negotiate a lower purchase price on your behalf (NO FEE)

Click on “CONTACT US” to talk with our Lending Specialists