futurity logo                                                                                                                                                          1 for the Planet

 CALL NOW 

PO Box R1726 Royal Exchange NSW 1225

e. This email address is being protected from spambots. You need JavaScript enabled to view it.


futurity is now 26 years old  (est. 12/1/99) & has been providing quality financial advice ever since. 

changes are afoot

foot

Are you a property investor? If so things are about to change dramatically for you and your ability to borrow money.

Why?

Rather than focusing on the Chinese (that the FIRB have not been monitoring effectively) and who are buying normal property rather than ‘NEW property, you are deemed to be the reason the property market is overheated.

What is changing?

All the parameters associated with lending to investors:

  • the current RBA rate is 2.00% (RBA Cash Rate), historical lows.
  • the rates offered by the banks to customers range in the 4.00% - 4.50% range (retail rate).
  • the current rates used for Serviceability (traditionally 2.00% above the retail rate) are in fact 7.40% - 8.00% (sensitised rate). This buffer is used by the banks to assess ability to repay at average Interest Rates.
  • Historically, except for a few lenders, most lenders has assessed their loan to you at the ‘sensitised rate’ but all other loans you have at the actual or ‘retail rate’.
  • Within weeks this ‘sensitised rate’ will be applied to all borrowings for an investor.
  • The effect of this change will mean that your ability to borrow will be seriously curtailed.

What should you do about it?

If you are looking to invest now, act quickly!

Don’t jump into a bad investment but don’t delay a good investment. Time is truly of the essence.

Testimonials

Rob, Tash, Ethan and Leo

Hi Richard! Thank you so much for all your help in getting us to today. We can't thank you enough! It has all gone so smoothly! Sorry for the frantic call on Tuesday, but it got sorted relatively easy.? We shall learn from the experience! ?thanks again and hope you have a lovely Easter!
Cheers, Rob, Tash, Ethan and Leo ? 7/4/22

Carolyn

Oh yay!!!! Thanks so much! I was starting to think I’d be making more calls tomorrow!!! Thanks so much for everything! You’ve been amazing! After doing the budget this morning this will make a huge difference to us and take so much pressure off! Thanks so much ? 8/8/21

Shepherd

I am very happy!! Thank-you so much for helping me get everything done ? 8/8/21

Steve

Thats a great reduction, thank you for keeping up to date. Excellent service!  Thank you, 15/7/21

Martin

??? 1/7/21

Conner & Nicole

Thank you for your patience, knowledge & help in getting us our first home.  22/3/21

Ken

I have been dealing with Richard Wellsmore for approximately five years, following a recommendation from a friend. During this period I have purchased four properties, most of which were not entirely straight forward and required some thinking out of the square.... (read more)

Cameron

I have known Richard for approximately 2 years and in that time he has been instrumental in assisting my small business with finance for two essential work vehicles... (read more)

Jay

"We were introduced to by my brother-in-law to Richard in March 2018 and discussed all our needs in relation to Mortgages... (read more)

Sid

I have known Richard Wellsmore for more than 10 years and he has been our mortgage and insurance broker for only part of that time. (read more)

Beckie

Wonderful! Thanks Richard! You've been amazing, looking forward to working with you in the future!

Clive

Over the past 10 years Richard has, in his capacity as a Financial Consultant, advised both my company and my family... (read more)

Mark

Richard is both a complete professional and a thorough gentleman. As a client you are immediately drawn to his sense of commitment to meeting your needs. He is extremely knowledgeable and delivers outcomes that are truly in the best interest of his client. (read more)

Ross 

Richard is most personable and has provided just the right mix of encouragement, motivation and advice.  His professional expertise and approachable manner have greatly assisted in helping us to meet our financial goals. (read more)

Steven 

I have been dealing with Richard Wellsmore at Futurity for over 10 years. During that time he has assisted me in purchasing 6 investment properties along with my own home. Dealing with Richard has made each purchase seamless and effortless. I have found the service from Richard to be outstanding. He has handled all possible dealing with the financial institutions on my behalf. (read more)

Todd

I have known Richard Wellsmore for over five years. He has organized our investment loans for our three investment properties and the re financing of our own home. (read more)