Using a 2nd-tier Lender – How to Borrow More Money Than The Reserve Bank Wants Banks to Lend You | Ep. 118
- Author
- Opes Partners
- Published
- Wed 08 Jan 2020
- Episode Link
- https://podcasters.spotify.com/pod/show/propertyacademy/episodes/Using-a-2nd-tier-Lender--How-to-Borrow-More-Money-Than-The-Reserve-Bank-Wants-Banks-to-Lend-You--Ep--118-e9jara
In this episode, we talk about the risks and benefits of using a 2nd-tier lender. 2nd-tier lenders are non-bank lenders, which means that they are not subject to the lvr restrictions set by the Reserve Bank. This means that they can lend above the 30% deposit required for an investment property without having to squeeze it into the small allowance offered for low-deposit loans.
