With the new financial year now in full swing, we are all working on getting our tax returns finalised for lodgement. Did you know that this tax return might affect your borrowing capacity come 2017? From the 1st January, lenders will review your 2016 tax return to complete the criteria for lending.
With this in mind, it is important to ensure that your 2016 tax return won’t hinder any potential borrowing you may have in the coming year. We can assist you to ensure your current tax return won’t limit any lending that you may need by reviewing your potential borrowing capacity before you finalise any tax returns.
Book a consultation with one of our mortgage brokers today.