New 95% Loans for NRAS Properties
We are excited to announce that loans of up to 95% LVR are now available for the purchase of a National Rental Affordability Scheme ( NRAS ) Approved Property from Onyx. This means that on a typical $300,000 NRAS property you would only need $15,000 plus stamp duty and other transaction costs.
Can I borrow 100% to buy a property?
The answer to this is the cornerstone of a strategy used by most property investors to build their property portfolio. The simple answer is you can borrow 100% but you need to already own one property.
Prior to the Global Financial Crisis some lenders were lending up to 106% of the value of a property using just a single property as security but those days have passed.
