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@grey20 No. People’s circumstances change all the time which is normal.

@grey20 Nope, just that they are buying another property which they will occupy which has a deposit requirement of 20% deposit

@grey20 I’m assuming your parents told the bank they were buying investment properties which then yes they have to put down 40% (“on the last 4 properties”) but this is not the case. Banks don’t talk to each other and it’s the actual occupancy that is key so if they are buying a property to live...

@grey20 I’m assuming they aren’t using equity to purchase as they have $240k cash and with their approval to purchase at $1.2m is bang on 80% LVR. You can use as many banks as you want to purchase property as people upgrade all the time and put down 20%. If however you use the same bank to...

@grey20 Why can’t they go to a different bank(other than the one that holds security over current existing property) and obtain approval for a new purchase with 20% deposit?