There’s a lot of talk – and tangible proof – that money for borrowing is in now in shorter supply.

There are a number of reasons for this. The banks must now hold back more money compared to what they lend out – especially for investment properties, more money has to be borrowed from offshore – which is more expensive, and there is upward pressure on interest rates in general.

All of the above conspire to make money not only more expensive to borrow but also harder to get. The interesting thing is that not all banks prioritise the lending of money in the same way, or at the same time. Whilst all banks are effected by common external pressures they also have different internal goals they want to achieve, at any point in time, and these may include increasing or decreasing their market share by lending more or lending less.

So, what does all this mean to a potential borrower?

It means that borrowing money will continue to be difficult, in general, for the foreseeable future but it also means that there will be windows of opportunity with different banks, at different times.

As a borrower, the key is to make sure you have a good understanding of what the banks are doing to take advantage of these windows when you need to get a mortgage.

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