Investment Property Finance is a very specialised field that not many brokers and banks get right. Since the government decided to try and slow the investment property market down, changes to the lending criteria have made it much harder to secure a mortgage for an investment property.
Using a mortgage broker rather than a bank is always the best option. They will have access to your own bank but they know how to present an application in such a way that you will have a much higher chance of approval and they will also ensure consideration and structuring is given to:
- Asset Protection
- Tax Efficiency
- Debt Reduction
- Low-Interest Rate
- Interest Only
- Repayment Facilities
- Funds Required During Any Construction Phase
These are critical areas that must be addressed and considered at the time of application.