Property Investors Beware!
The winds of change are well and truly upon us, with APRA beating their drum trying to limit investor lending across the nation, there are a number of lenders penalising their existing investors or interest only customers.
Some lenders are increasing their rates for new and existing investors by up to 0.47% which is unfair and unusual punishment in our opinion, as it is not just in line with limiting future lending, but punishing and profiteering from existing clientele.
We will be expecting a two tier system to become more and more evident in the short term, but as always there are ways we can help you side step this issue. There has never been a better time to be using an industry lending professional with multiple lender options and sound market knowledge, as a one bank solution for investors is fast becoming a distant memory.