Is it time to build your investment portfolio? There are many benefits of investing in property, including rental income, capital gains, tax benefits, negative gearing and equity. We can talk to you about a suitable strategy and help maximise your lending power to achieve your financial goals. When your home increases in value, you may be able to borrow up to 90% of the equity gained to purchase another property. Speak with our specialists about your investment opportunities.
Eligible professional athletes may qualify for the following:
From an Australian bank’s point of view, investors who tend to borrow more are considered to be higher value clients.
However, an investment loan is typically a higher risk to the bank.
For example, if you had a home loan secured by your home and an investment loan secured by your investment property, which would you pay for first if you were in financial strife?
In the event that the bank has to sell your investment property to recover your debt, they may have problems with the tenants refusing to move out or destroying the property. It is for these reasons that banks tend to have lower LVRs (lend less as a percentage of your property value) and stricter lending guidelines!
Therefore, it is important to find a bank that encourages investors, not one that has a conservative view of investment loans. We know which banks like dealing with property investors, do you?
In Australia, a range of both Bank and Non-Bank lenders can consider 95% investment loans. Each lender has different qualifying criteria, so we don’t recommend any lenders until we have seen your full details and assessed your capacity to borrow.
You’ll simply need to provide a copy of your current contract so the banks are confident that you’ve been competing for some time and your income will be ongoing.
The contract should include the date of expiry.
To prove that your income is consistent, you’ll also be asked to provide your most recent two years’ tax returns and a current payslip.
If you’re still working in the sports industry, then you can still be considered for a professional athlete home loan.
It’s not uncommon for athletes to get involved in media and entertainment work during their time on the field and eventually take up a full-time television or radio career once they retire.
The good news is that select banks offer the same mortgage discounts to eligible entertainment professionals as well!
Yes! Whether you’re active or retired, coaches can be considered as long as they meet all income and servicing requirements.
This website provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product.
In the spirit of reconciliation, we acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.