NRAS Finance

Tandem54 can help to make NRAS finance a straightforward and easy key component of your NRAS investment.

Due to the fact that the National Rental Affordability Scheme has only been in existence for a relatively short period of time, you may be aware that sourcing finance for an NRAS property can have its challenges.

To help mitigate these challenges we have direct access to a network of finance professionals nationwide.  They will work with you personally to help you source the most appropriate NRAS finance solution for your requirements.

Through our integrated finance service, we can help you source any type of finance you may need.  We can also help you access refinance services on debt facilities you may already have.

Tandem54 have access to a full panel of lenders spanning all major banks as well as a diverse range of regional and specialist lenders.

Our associated finance professionals are all highly experienced and fully qualified to provide you with expert finance advice and solutions particularly in the areas of NRAS related finance.

IMPORTANT MISCONCEPTIONS ABOUT NRAS FINANCE

Too often unfavourable stories are heard about NRAS investors trying to sort their own finance. To assist in avoiding becoming one of these ‘stories’, investors need to be aware of the more common misconceptions regarding NRAS finance. Some of these are:
 

It is not necessary to declare to the Lender that the property is a NRAS Property.
Care needs to be taken when following this course of action as it opens the purchaser up to possible fraud charges. Always ensure that the purchase contract states that the property being purchased is a NRAS property. It is a legal obligation to make the Lender aware of the intent to purchase a NRAS property at no later than the loan application stage.

All finance brokers are familiar with NRAS and are able to assist with sourcing lending options.
Most finance brokers are either unaware or inexperienced in sourcing NRAS lending options. Accomplished finance brokers specialising in NRAS need to understand the unique details and characteristics of the National Rental Affordability Scheme. They are also required to have a thorough awareness of the full lender market in order to be effective in their service.

All Lenders will lend on a NRAS Property.
Most lenders currently do NOT have lending policies for NRAS Properties, and the few that do, have very specific policies that require a considered application approach. This is why a NRAS Finance Specialist can be of significant assistance in helping to negotiate this ever-changing NRAS finance minefield.

Lenders see NRAS Properties as ‘just’ another form of Investment Properties.
NRAS investment properties are very unique and specialised with regard to lending policies. Prospective lenders are required to create a specific lending policy on NRAS investment properties. Knowing all of the NRAS lending policies in Australia is critical to selecting the most appropriate lending options for the selected investment. It isn’t unusual to find that a lender who does have a lending policy for NRAS properties, most likely won’t have an open lending policy for all types of NRAS properties.

Let us at Tandem54, help you avoid some of these pitfalls by introducing you to a reputable NRAS finance specialist.
Contact us now to organise your finance.