Kapitol Brokers
How much can you lend?
How much can you lend?
How much will the Banks lend?
The lending capacity from the bank is determined by 2 basic factors:
1. The value of the managers apartment.
2. The valuation of the MLR business.
The lending ratios will vary depending on the location and the individual property on a case by case basis, however a general rule can be applied of approx 80% lending against the managers apartment and 60% against the business.
Each financial institution has their own lending criteria and we recommend you discuss your borrowing capacity prior to searching for property. Alternatively, as a guide only, you can preview how the lending ratios work by trialing the affordability calculator provided in the resorces section of this site.
