Lenders consider a number of things when assessing whether or not you can demonstrate a history of 'genuine savings', including:

  • How much cash you have in savings accounts
  • Whether you have a steady rental history
  • Any savings held or accumulated for over three months
  • Any investments accumulated or held for over three months (term deposits, shares, etc.)
  • Any existing equity you may have in other real estate

Each lender has their own rules, so make sure you do your homework. Or talk to us