Recent changes to investment lending may see your lender increase the interest rate on your current investment loan.
In a bid to hose down speculative property investment and help property price growth settle to more sustainable levels, the Australian Prudential Regulation Authority (APRA), has set new expectations in relation to investment lending.
Australian lenders have begun to tighten their investment loan criteria;
- Some have removed or reduced interest rate discounts for investors
- others have lowered their loan to valuation ratios
Many of the major lenders are set to increase the interest rates on their investment loans, which means your current investment loan interest rate may increase.
With 28 lenders on our panel, it's like to talking to 28 bank managers at the one time.
Now is a perfect time to contact us and see how we can help you.
To find out more - contact us at Suite 2, 10-12 High St Wodonga or call 02 6056 4433.