If you're thinking of becoming a landlord, planning is essential to make sure you get the most from your residential investment property.
Key considerations include:
- You may be able to use the equity in your current home to invest in another property.
- Earn additional income to pay off the home loan.
At BSP we can help you buy your second home or your investment property.
Where to apply?
You can speak to a Personal Lending Officer or a Branch Manager at your nearest local BSP Branch.
How to apply
Download the Loan Application or you can obtain a copy from your local branch.
What do I need to bring with me?
Complete an application form;
Letter of confirmation of employment & remuneration from current employer;
Letter of offer from the customer confirming the purchase price and copy of the state lease;
Letter of acceptance form the vendor;
Evidence of 30% equity contribution by the customer;
Super ID and copy of the latest statement;
Copy of Driver's Licence;
Salary Deduction Authority;
Quotation or invoices for the purpose of the loan;
Confirmation of ownership of major assets advised e.g.; copy of state lease, cop of vehicle registration, must be provided with your application.
Investment Property Loan Brochure
For more information, please view our Investment Property Loan Brochure.