The Importance of a Rental Appraisal

When they're taking into account the rental aspect of that property, you might have to produce a rental appraisal as to say what this property might rent for. They'll use generally the banks vary between 60 to 80%, with the majority of them doing 75% to 80%. The other thing they do is they add a buffer onto the variable repayment. This buffer has changed in recent times and it's made it harder for investors to hold multiple properties. You might actually have to show the bank that you've got 2,500 a month in income, even though you're only contributing 400 a month to that property. So the gap is going to be bigger and bigger.

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