Many lenders are offering 70% of the purchase price only on a first investment property and depending on the lender this can be scaled back depending on location. On a second or multiple investment properties the loan to value can be even further restricted in some cases back to 50% on a second investment property.

In assessing an application to purchase a Residential Investment Property the lender will look at an applicants income, existing commitments and rental income. In most cases the mortgage for the new property will be taken on a standalone basis, however some lenders do look for a cross charge on an unencumbered asset or asset with a low loan to value.