So having one IP in one LAQC secured on my own house with LVR on maybe 80 - 85% i'm still keen to get my little dirty fingers on an other IP. I can raise 10K and was thinking a property in the 150 - 180k bracket. So i had a little email duel with a mortgage broker and suggestions was that i could borrow 95% with AMP ? So maybe i could setup a new LAQC and have that totally seperate and borrow 95% of the IP purchase price. Somehow that just dosen't seem like something AMP would agree to. Any thoughts here
Would any resonably respectable lending institution fund an IP to 95% ? Would i need to change all my banking to them then ? Would i be able to setup a new LAQC for this new IP or could i have 2 properties independently funded in one LAQC ?
Thanks
Would any resonably respectable lending institution fund an IP to 95% ? Would i need to change all my banking to them then ? Would i be able to setup a new LAQC for this new IP or could i have 2 properties independently funded in one LAQC ?
Thanks
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