Investment home loans

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Purchasing a property is one of the most important financial investments that you’ll ever makse of your property – whether it is the first or seventh property that you have – is one of the key things that you have to think-term, and long-term, financial goals.

Everything should be planned out to the last detail. Most of the time you need to get an investmthings can be quite difficult, especially if you’ve never had a property investment loan before.

We’ve put together some tips for those who want to get the best investment home loan, but arefy, or whether the loan will be worthwhile. Here’s our take on the questions that you need to ask yourself for your property

Will I qualify for an investment loan?

Will I qualify for an investment loan?

There are different criteria for different investment loans, so this is something that you need r circumstances. Each company varies on what you need in order to qualify for an investment loan, but there are some general things to c

For example, you should think about what your credit score is like, and what your financial posi a pretty strong financial background – with no debts – then you’re a lot more likely to be a candidate for a property investment risk, too).

You should also have some money in your savings; money that you haven’t borrowed from elsewheround 5-10% of the total of the investment loan that you are applying for, and you should have some means of paying off the loanor alternative properties.

Should I be looking for a specific type of bank?

Should I be looking for a specific type of bank?

The banks that you look into when it comes to getting the best investment loan should be those wng for these types of things. Some banks believe that it’s too much of a risk, and as such, they’re unlikely to offer yoperty loans, so look around.

Will I get an investment loan for any type of property?

Will I get an investment loan for any type of property?

Property investment loans are usually granted for specific types of property, predominantly typiYou can also get investment loans for land that you plan to construct a property on, but there are some types of properties that will for, so be cautious here.

So, should I get one?

So, should I get one?

Before you go into getting an investment loan, you should make sure that you’re in a good enoIdeally, you’ll have a high income, and you’ll be investing into something that you know you’re going to get a good return on. those with weaker financial backgrounds, as they can pull you into debt.

What percentage of investment loan can I get?

What percentage of investment loan can I get?

The highest percentage that you’re likely to get for your investment loan is 95%, although yostances (if you have a good guarantor, for example). Most banks will offer 90% property investment loans because this prese the usefulness of this depends on your current financial situation.

Is purchasing property with an investment loan worthwhile?

Is purchasing property with an investment loan worthwhile?

The good thing about purchasing property with an investment loan is that you rarely lose out in ther source of income without you having to lift (much of) a finger. There are also tax benefits for some when it comes to invesy not be the case for you. The important thing to remember is that property rarely loses value.

Are there any other costs to consider?

Are there any other costs to consider?

No matter what type of property you’re going for with your investment loan, you need to factoyou’re planning out your budget. For example, stamp duty can be a massive amount of cash that you have to pay out, and you also n like valuations.

If you’re putting the property on the rental market, think about the ongoing costs and mainte and factor them in.

In short

In short

An investment loan is a big financial decision to make, and if you’ve got a good credit score is something that you should consider thoroughly before you take the plunge!

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We work for you, not for the banks

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