Every investor has unique needs that we address with personalised solutions. To give you a general outline of areas we might provide support or guidance, below are a handful of common questions our clients may have:
Start by scheduling a consultation with one of our specialists. We’ll take the time to understand your unique circumstances and develop a tailored strategy that gives you the confidence to pursue your first or next investment property.
You’ll need to provide documentation that verifies your financial situation. This may include payslips, income statements, bank statements, tax returns, and documentation related to any existing mortgages or liabilities. Don’t worry if you don’t have everything on hand – we’ll work with what you have to find the best investment loan for your needs.
Your credit score plays a significant role in the lending process. A higher score generally positions you as a lower-risk borrower, which can lead to better lending terms. However, if your score is lower, there are still options available. We’ll assess your credit rating and collaborate with you to ensure it doesn’t become a hurdle during the application process.
The process begins with an initial consultation where we assess your financial situation and investment goals. From there, we explore potential mortgage options, shortlist the best-fit solutions, guide you through the decision-making process, and manage all the necessary paperwork to finalise your loan. Throughout the journey, we are committed to making the experience as smooth and efficient as possible.
Approval timelines can vary depending on several factors, including the lender, time of year, and the completeness of your documentation. At Vision, we meticulously manage each step to minimise delays and ensure a timely approval process.
There are no upfront costs to our clients when applying for investment finance through Vision.
Ongoing costs vary depending on the lender, loan product, and any additional features you choose, such as offset accounts. We thoroughly review and disclose all potential ongoing fees associated with your mortgage, ensuring you’re fully informed before proceeding.
It’s important to avoid missing payments if possible, but if you do, stay in communication with your lender. They may offer flexibility as long as you maintain open dialogue. If missed payments become a recurring issue, it could affect your credit rating. Vision is here to support you in managing this situation if it arises.
There are various strategies to accelerate mortgage repayment, depending on your circumstances. Contact one of our specialists to explore the options best suited to your financial goals and start paying off your mortgage sooner.
Refinancing involves restructuring your existing mortgage, which might include changing the interest rate, loan term, or accessing equity. If your current mortgage repayments are becoming burdensome, it’s worthwhile to review your options. We can help determine if refinancing is right for you and guide you through the process.
At Vision, we adhere to Best Interests Duty legislation, ensuring that the mortgage we recommend aligns with your long-term financial objectives. The best loan isn’t always the one with the lowest interest rate – sometimes features and benefits that align with your goals provide greater value. We’ll help you navigate these choices.
There are various mortgage options available, each tailored to different investment strategies. These include standard variable and fixed-rate loans, interest-only loans, and more. We’ll work with you to determine the type of mortgage that best supports your investment goals.
A fixed-rate mortgage has an interest rate that remains constant for a set period, typically 1, 2, 3, or 5 years. This provides stability in your repayments during the fixed term. A variable-rate mortgage, on the other hand, fluctuates based on changes in the market, which can affect your monthly repayments.
Interest rates are subject to change based on market conditions and lender policies. To get the most accurate and up-to-date rates, we recommend contacting us directly for a consultation.
Comparing mortgages involves evaluating interest rates, fees, features, and terms. It’s important to look beyond the headline rate and consider the long-term implications. We can assist in making these comparisons, ensuring you select the mortgage that aligns with your investment strategy.
An interest-only loan allows you to pay just the interest on your loan for a specified period, without reducing the principal balance. This can be advantageous for investors seeking to maximise cash flow or leverage tax benefits. We often recommend prioritising the repayment of your primary residence loan over your investment loan to optimise tax advantages.
Absolutely. Using the equity in your current property is a common strategy to fund additional investments without needing to save for a new deposit. Speak with one of our specialists to explore how you can leverage your existing equity for your next investment.
Tax implications vary based on individual circumstances and are best discussed with a qualified accountant. However, some common considerations include potential deductions for interest payments, depreciation, and property expenses. We recommend consulting with your accountant to fully understand how property investment will affect your tax situation.
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