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Get the latest news and tips about mortgage finance and the property market. Scott Miller, mortgage broker from Advanced Mortgage Solutions comments on housing and lending.

95% product available

Published by Scott Miller on Tuesday, July 28, 2009 in

I am happy to announce that Advanced Mortgage Solutions has secured a new funding line that allows clients to refinance at 95%.

 This product allows you to refinance existing lending on owner occupied or rental properties. Like other recently released 95% products there are some guidelines. These include having a property portfolio with less than 5 properties, having a clean credit history, low consumer debt, and good account conduct. If you think this is you and you would like to know more please feel free to contact me.

 Further to comments I made last month I believe best time to buy property is now! This does not mean that you have to break your neck to purchase one this week, instead I believe prices will remain low over the winter period and leading up to Christmas. I would suggest that house prices will make a recovery in early 2010 and continue to increase throughout the year. This is important as rental yields generally do not make us rich, it’s capital gain that drives property portfolio’s.

 To return to AMS’s home page click here

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