Who are these non-bank lenders and are they financially secure?
Posted: Fri Jun 14, 2019 12:29 pm
Hi, I’m currently in Singapore working as a petroleum engineer. I’m looking to add a second property to my investment portfolio. The first property was mortgaged with Westpac before I left home five years ago. Now, my bank’s telling me only they’ll only be using 60%-80% of my income and they’ll not take into account any negative gearing benefits. So, I’m looking at non-bank lenders. Are non-bank lenders financially secure? Can you also give me the name of these lenders so I can research these lenders?