There are many players in the lending industry and a variety of options available for your clients. Not all sources come with the same terms and conditions and both you and your client must be sure that the loan source provided suits their personal needs and circumstances at the time. The wrong choice of loan and lender can result in a strategy which performs less well than expected.
In the next few topics we explore the many different sources of loan funds.
By the end of this topic you will be able to:
List the different types of lending institutions that lenders may access to purchase investment properties including:
- Banks, building societies and credit unions
- Securitised lenders
- Non-conforming lenders
- Insurance companies
- Mortgage trusts
- Trustee companies
- Private lends