What is a ' Special Purpose Vehicle ' ? I've never heard that term before .
You regularly see the property magazines with stories on people who have bought multiple properties in a a couple of years . Quite often these people are on low wages . So I often wonder how they get their finance and how much they are paying .
Perhaps you guys could comment on that if you've come across that situation professionally ?
My situation . More than one property , plenty of equity , good salary from a permanent job on top of rental income . Positively geared . Long history with one of the big four . No defaults etc .
So , without talking myself up , I see myself as a very good customer with very low risk . Hence , I'm surprised when I find my lending ability is restricted compared to others .
