dubinamerica
Registered User
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- 475
Hi - we have an investment property the past few years (used to be PPR) and have been in the process of purchasing a second one for almost two years (I kid you not !). Anyhow, we previously drew down for stage payment and will soon need to pull down remainder of loan offer. Our circumstances have changed re earnings etc - any idea if the lender (EBS in this instance) could refuse to allow us draw down the remainder?? Would it be worth our while going to another lender in the meantime to see if they would lend? I know for certain that we would not get the same loan now based on income and outgoings, but are there any lenders that would look at our two investment properties and provide loan based on LTV and rental income and not bring our own earnings into it at all? Would BoS do this??