First Rate Mortgages


Is It Time To Grow To Your Investment Property Portfolio?

Once you own one rental you quickly learn about choosing tenants, maintenance on fridges, waste disposers and too often carpet stains. Whilst a good property management company can assist reduce the stress, you still notice the impact on your bank balance! As you gain in confidence, managing your first one or two rentals you will often think, OK let’s buy some more.

Typically, clients will be leveraging off equity in their own home, perhaps some savings and capital gain in their existing rental portfolio. This can often be challenging due to the Reserve Bank 60% LVR restrictions.

Another option we now have are products with interest rates still very close to a Bank, the key benefits may include;

  • Up to 80% on individual or a portfolio of residential rental properties
  • Maximum loan size of up to $3.0M across multiple properties
  • Interest only terms, fixed and floating rates
  • Your own home, does not need to be included as security
  • Each property is a stand alone and not cross collateralised.

PLEASE NOTE: all lending is subject to lenders normal terms and conditions.

If you need help, talk to our experienced team, we can look at your current position, discuss your rental property goals moving forward and then work out a plan. This may be with another Bank or a Non Bank option.