centrelink income only

Any general questions you might have in regards to loans and finance.
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Grant Martin
Mortgage Specialist
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Joined: Fri Jun 13, 2014 6:54 pm
Location: Sydney, Australia
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Re: centrelink income only

Post by Grant Martin »

Hi Yusuf,

Thanks for your enquiry, there are few lenders that will accept Centrelink payment as the primary income source, these lenders generally look more towards large deposit purchases of standard residential property or low lend refinances but unfortunately do not cater for construction. The loan amounts are usually limited fairly low due to servicing restrictions, as the banks view is that these funds are a government benefit to be used to cover your basic living expenses.
Grant Martin
Senior Mortgage Broker
P | 1300 889 743 E | grant@homeloanexperts.com.au
Home Loan Experts

User avatar
Grant Martin
Mortgage Specialist
Posts: 13
Joined: Fri Jun 13, 2014 6:54 pm
Location: Sydney, Australia
Contact:

Re: centrelink income only

Post by Grant Martin »

Hi andker333,

I've replied and answered this on your other posts here and here.
Grant Martin
Senior Mortgage Broker
P | 1300 889 743 E | grant@homeloanexperts.com.au
Home Loan Experts

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