Our Services: Investment/Line of Credit

What is a Line of Credit?

This is effectively an 'overdraft' facility where a financier will extend a credit facility of up to 75-85% of the valuation of the property offered as security. It is typically an interest only repayment facility, however some financiers will want to see a regular principal and interest repayment stream.

A cheque facility is usually attached to the loan that allows the borrower to instantly access an amount up to the facility limit. The premium in interest rate charged on this facility may be offset by the interest savings made. Applicants for this product are often required to have a higher annual gross income, than average applicants.