I have attached an article from Broker News which highlights the schemes some brokers use in which the ATO are wary of. Please be vigilant if dealing with brokers who are recommending these type of schemes to you.
At times like this it is even more important to get the right advice. Banks are tightening lending policy therefore it becomes critical your adviser explores all of the options available and utilises their knowledge to secure you the best deal.
Please click here to see what one of the major banks is doing.
Broker News
It seems the banks are now responding to APRA’s guidance in relation to current investor lending. NAB Broker has made changes from June advising interest rates on some products are increasing and that the LVR will be at 90%. Looks like the 100% investment loans are on the back burner for awhile. We will just wait and see what effect this has on the investment property market.