Hi Paul, appreciate the info there, I'm quite sure I know of the educator you are referring to and it is from this educator that I had the impression it wouldn't be so difficult. Obviously they are using this strategy all be it a dangerous one….
Hi Terry – so just for future reference in case I have a need for this, if they do exist at time of signing and are mentioned does that avoid the double stamp duty?
Thanks Richard, just wanted to check, yes the trust deed won't take too long we are tidying up a few loose ends at the same time. Does it make any difference if the assignee/nominee's names are declared on the initial contract?
Hmmm, so from the sound of it this would be pretty much be the case with any lease option type situation ( be it sandwich or just standard ). Obviously the risk being heightened in this scenario due to the pre existing mortgage stress. Is this the case Terry?
Hi Terry, that was my thinking but wasn't sure if that was the 'norm', wondered if maybe people were requiring current certificate of insurance etc like a bank would on your own mortgage. Feels like it would be easier just to keep your own.
