Over the past couple of weeks a few of the lenders have advised lending up to 90% is available again. It would be fair to say though, that lending criteria is still fairly tight at this level.
As your brokers, thats where we add value! We talk through deals with our lenders daily to ensure we are always up to speed with whats happening and how the various credit teams are feeling about the market. There is still a bit of uncertainty out there but you can be sure we'll be upfront about what we can do for you and what just won't work right from the start.
If you are in need of refinancing your current debt give us a call, interest rates are still pretty low and in some instances we may be able to get up to $1,000 towards your legals if you need to move your lending.
PS - if you know someone who should talk to us about their mortgage please pass this on!
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