Rental income from property

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Amine Berrada
Mortgage Specialist
Posts: 55
Joined: Wed Aug 12, 2009 12:20 pm
Location: Sydney, Australia
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Re: Rental income from property

Post by Amine Berrada »

Hi There, thank you for participating to our forum. Generally, the bank accepts an appraisal rental letter from the local real estate agent stating what would the minimum rental income that you would be earning even though the property is not rented out yet. Majority of the banks use 80% of the renal income however there are few lenders who they accept 100% of this income for serviceability.
Amine Berrada
Senior Mortgage Broker
P | 1300 889 743 E | amine@homeloanexperts.com.au
Home Loan Experts

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