If you’re looking at ways to increase your property portfolio but are struggling to obtain a 40% deposit, new builds are a great mechanism to overcome restrictions as they are exempt from the Reserve Bank LVR rules.
Long term, rates are continuing to trend upwards slightly. Recent actions have shown slight decreases from a couple of lenders, however, as per last month’s column, it is still an important practice to manage your mortgage as these decreases are not guaranteed to continue.
You don’t know what you don’t know, so give the team at Tony Mounce Mortgages a call today,and we can help guide you in the right direction. 0800 MOUNCE