Talking to our conveyancer yesterday I'm told that you have to tell the purchaser if you increase the loan amount because they've agreed to the Section 27 deposit release based on the figures you supplied, even though the borrowing is less than 80%. Conveyancer says normally you just tell them and ask they have any objection, then close the file…[Read more]
We are getting advice today, but I really appreciate your input
Terry, we are unconditional, we are in Victoria.
The finance people at the bank assured us we would be fine for the bridging so we went ahead. But now they are saying the bank needs to secure the bridge on both the property we are buying and the one we are selling. We…[Read more]
Thanks Scott and Derek
Scott, conveyancer told us we couldn't find out unless the vendor sought to access the deposit
Derek, no the contract didn't include those conditions.
The conveyancer looked over the contract before we signed. We have previously always used a solicitor, but we believed we'd be better off using a conveyancer as that's all…[Read more]
Hi, I just got a PM -"Hello,can you contact me here: [email protected] there is a project i want you to handle for me.waiting for your urgent respond,Mr. Charles"Anyone else got this sort of thing. TksCarole
Thanks all for your help – and support. It's made me a little more confident that we can do something – albeit carefully. Unfortunately our property doesn't lend itself to subdivision or anything like that – but we are ready for a change anyway. When I say downsize – I actually mean downprice. We are lucky enough to be in an area that has app…[Read more]
Thanks MichaelI think an SMSF would be a more expensive way to go than holding company and discretionary trust. I did discuss this with my accountant today.I'll have a look at the investment bond.What a great forum this is.Thanks againCarole