Owner Occupied Interest Rates on Investment Properties

Are you looking to purchase an investment property or already own an investment property and wishing to purchase another? We can help overcome the high interest rates on investor only loans to secure you an owner occupied interest rate.

The interest rate increases for investor loans have been largely due to pressures and regulations from governing bodies, who are penalising lenders for granting too many investor loans.

However, there are a select number of lenders in our network that are currently applying owner occupied interest rates to investment properties. This is achieved by using equity in your owner-occupied property to provide additional security for the investment property you wish to purchase.

For example, if you currently have an owner occupied property that is valued at $600,000 with a $200,000 loan secured against it and wish to purchase an investment property valued at $400,000, you can borrow 100% of the value. This is achieved through using the owner occupied property as additional security for the investment property.

By using the owner occupied property as security, you property assets will be worth $1,000,000 with debt secured against both properties of $600,000 (excluding fees). This equates to a loan to value ratio of 60%, with no Lenders’ Mortgage Insurance.

So, if you are looking to grow your investment portfolio, or enter the investment market with the help of your owner occupied equity, contact us today!