Using your rental ledger as genuine savings

News
October 9, 2020

Are you renting but wish to buy? Are you thinking I don’t have enough savings to make a deposit? Do you feel like you will never get out of the rental trap?

I have helped many people like yourself get into their first home, even though they have been asking themselves these questions. There are quite a few lenders who appreciate that “paying rent” equates to enforced savings. We can use this history of paying your rent on time to replace the banks requirement for “genuine savings”. All offering great home loan rates.

If you wish to find out whether this is a suitable option for you, give me a call!

 

Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.