Don’t take no for an answer

With the Reserve Bank’s latest investor-focused LVRs firmly in place along with the banks’ tightening up on their mortgage lending, there are now more challenges for investors seeking funding.

At a recent finance strategy webinar, the Mortgage Supply Company’s David Windler said the current “interesting” environment means that finding lending solutions has got a bit tougher.

Stories of the roadblocks investors are now encountering abound.

These include banks being unwilling to give more equity, shifting the numbers, querying the purpose of the borrowing, changing the target or simply not getting it.