Changes to Income Property Lending

As a result of some recent analysis on property sales ( My 2012 roundup series) I noticed a sharp decline in income properties sales and a slide in average prices.

A chat with one mortgage broker revealed that the banks themselves have been tightening up their lending rules, or at least a few that she worked with.

What I’m hoping to do is collect some more experiences from Mortgage Brokers of how they have noticed the lending rules have/haven’t changes in the last 6 months in regards to income property lending.

Please weigh in below with your comments and experiences.

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