Search found 3 matches

by
Mon Sep 16, 2019 8:03 pm
Forum: Home Loan Forum
Topic: Can I buy a second place and rent out my first property without providing deposit?
Replies: 5
Views: 66952

Re: Can I buy a second place and rent out my first property without providing deposit?

How much of the rental income will lenders consider to work out how much I can borrow?
by
Mon Sep 16, 2019 7:32 pm
Forum: Home Loan Forum
Topic: Can I buy a second place and rent out my first property without providing deposit?
Replies: 5
Views: 66952

Can I buy a second place and rent out my first property without providing deposit?

Hi, I want to buy a second place and rent out my first property, without having to provide a deposit. I'm looking to purchase a property around $500K and my current apartment is valued at $300K. I am six years into my existing loan. I want to buy a second place and rent out my first property, without having to provide a deposit. How do I go about doing this?