Market changes for Owner Occupied Lending

In recent weeks and months there have been a lot of negativity around investment lending, beginning with the unexpected rise of interest rates due to the disparity between investment and owner occupied properties and banks higher risks associated to investment lending.

There was an increasing volume of people entering the investment market and purchasing multiple properties while people seeking out owner occupied properties, like first home buyers were constantly being out-bidded. However on the bright side, I am noticing that lender competition regarding home loans is steadily growing. Many of our lenders are offering huge cash back incentives and competitive rates.

Right now really is a fantastic time for anyone that’s looking to consolidate some debt and increase their cash flow, anyone that needs to change their loan from investment to owner occupied because you’ve moved or even if you’re just wanting someone to look at your situation and potentially get a better deal then now is as good a time as any.