PropertyInvesting.com | MarJac | Activity https://www.propertyinvesting.com/members/marjac/activity/ Activity feed for MarJac. Sun, 12 Apr 2026 01:05:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 30bece178dc9501b080e31bc10c50240 MarJac replied to the topic Legal Fees in the forum Unless fixed rate Early https://www.propertyinvesting.com/topic/4404852-legal-fees-2/#post-4656708 Fri, 30 Sep 2011 01:17:28 +0000 Unless fixed rate Early Repayment Fees are now not applicable for new loansA Discharge / Exit Fee of $295 is usually charged to cover 'File Handing' (instructing solicitors & payout figures etc)when discharging the loan/mortgage etc. In addition expect approx $200-$300 legal solicitors fees, although these could be higher The Solicitors fees u…[Read more]

]]> 64186d6817e4b2aca9384ac5fc8a65ba MarJac replied to the topic Transfer of title in Victoria in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404647-transfer-of-title-in-victoria/#post-4655325 Wed, 07 Sep 2011 00:15:35 +0000 Thats about rightHowever you'll also need to have the transfer assessed by the State Revenue Office which should note on the transfer that, in this instance, should be excempt.  You should be able to find how to do this on the SRO websiteYou may find that Land Titles Office will not register the transfer until it has the appropriate stamp from…[Read more]

]]> d3f5d6289313c7f43123347ee3da4017 MarJac replied to the topic My idea (pick it apart - tips please) REALLY REALLY NEED HELP in the forum Help Needed! https://www.propertyinvesting.com/topic/4404347-my-idea-pick-it-apart-tips-please-really-really-need-help/#post-4653172 Mon, 01 Aug 2011 04:23:43 +0000 In QLD you can now get $10,000 QLD Building Boost payment for building or buying a new house. This is separate from FHOG. Relatively small amount but may help to tip the balance

]]> 273ceceb45aa43fd8bc73ede708d2b1d MarJac replied to the topic DIY change from joint to common in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404320-diy-change-from-joint-to-common/#post-4652980 Thu, 28 Jul 2011 05:47:44 +0000 Will depend on which State, however would suggest that you look at the web sites of the Land Titles Office in your State, most have some sort of guide for completing & logding documents etc.Your Bank will need to consent to the change, and produce the Title etc (if applicable), but as the proprietors are not changing this shouldn't be a problem wi…[Read more]

]]> 211edf9888bf485e3c82fccefad411fa MarJac replied to the topic Managing Agent Etiquette in the forum Help Needed! https://www.propertyinvesting.com/topic/4404311-managing-agent-etiquette/#post-4652886 Wed, 27 Jul 2011 04:56:46 +0000 Have you signed any sort of agreement with the managing agent?Property managers, often being part of a Real Estate Agency, will usually request exclusive rights to Lease/Tennant the property and will get an agreement signed which will also set out their fees & commision etcIf you signed anything you may have to stay with the agent, however the…[Read more]

]]> 696568fd5f955a623920b2fbe12b5541 MarJac replied to the topic Many improvements. How do we value them? in the forum Would be fairly difficult https://www.propertyinvesting.com/topic/4404204-many-improvements-how-do-we-value-them/#post-4651673 Fri, 15 Jul 2011 03:58:47 +0000 Would be fairly difficult with such a diverse usage and varied improvementsI could only suggest that a true value could only be arrived at from a registered valuer experienced in both rural & commercial properties, this could be $$$++ The valuer would look at possible value as just a farm but also include the Tourist facilities, probably on a…[Read more]

]]> e8de5db3016478fe6d00587ef944dd09 MarJac replied to the topic Unit Requires Partial New Roof in the forum Help Needed! https://www.propertyinvesting.com/topic/4404191-unit-requires-partial-new-roof/#post-4651573 Thu, 14 Jul 2011 04:45:32 +0000 May depend on which State and the rules appling, however unless emergancy repairs and/or safety hazard would usually be an unanimous agreement. Best to discuss with the B/C managerIf this particular owner wanted to replace their roof with simular materials i.e. Replace colourbond with colourbond of the same colour  or titles with the same t…[Read more]

]]> 09b7ad8938be35fbb3600257d8265bdd MarJac replied to the topic Transferring title between spouses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404187-transferring-title-between-spouses/#post-4651552 Tue, 12 Jul 2011 22:55:36 +0000 Depends on which State and the actual circumstances (PPOR or IP etc) and if already jointly owned, best check with your State Revenue Office or solicitorIn VIC for example S/duty is often exempt if transfering from single to joint proprietorship i.e. 'Love & Affection' transfer for a PPOR

]]> 043ea6948d5e13212b585a65c4297834 MarJac replied to the topic Double stamp duty - nominee (VIC) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404152-double-stamp-duty-nominee-vic/#post-4651336 Fri, 08 Jul 2011 04:04:18 +0000 Probably best to obtain professional advice from your solicitor and/or accountantYou could also call the Vic State Revenue Office to clarify

]]> 7f8be8058524b518c2df533bc28f2c91 MarJac replied to the topic Subdivision question in the forum General Property https://www.propertyinvesting.com/topic/4403748-subdivision-question-2/#post-4648611 Thu, 26 May 2011 05:44:15 +0000 Best speak with the local Council, and discuss your intentions/plans, they will be able to advise you what their or State planning rules/guidlines say about minimum width of access driveways etc and also iof the existing property, built on the boundary, is an issue or notWithout knowng where the property is it is difficult to advise

]]> 7f50cb2586125e3c50303f56a6dd2e2d MarJac replied to the topic what to inspect during final inspection before settlement in the forum General Property https://www.propertyinvesting.com/topic/4403715-what-to-inspect-during-final-inspection-before-settlement/#post-4648432 Mon, 23 May 2011 23:02:19 +0000 Others may be able to add but for Final inspection I would look ensure:Property is clean & tidy and carpets etc in the same condition as initialy inspectedNote that  furniture maybe covering up damage to the walls etc however preferably should have been identified in earlier inspectionFixtures and fittings are as expected, has been known that lig…[Read more]

]]> 3a13751b0cb21320dae10395ad418e2b MarJac replied to the topic Adding family member to a title in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403703-adding-family-member-to-a-title/#post-4648173 Mon, 23 May 2011 00:22:17 +0000 goldies wrote:
Hi,I am not putting the family member on the loan docs but want them as a 50% owner.Thanks.

As said depends on which State but usually fairly easy, often known as a 'Love a Affection' Transfer, see a solicitor who will be able to advise fullyHowever also check with your lender, if the new joint proprietor will not be also become…[Read more]

]]> 53624c697504c9c91c8d4baa9cb880a1 MarJac replied to the topic Types of Apartment in the forum Help Needed! https://www.propertyinvesting.com/topic/4403686-types-of-apartment/#post-4648128 Fri, 20 May 2011 05:47:14 +0000 Looks / sounds like a Serviced ApartmentThere are differing opinions on these and will depend on your own objectives (income versus capital growth etc):Pro's – Strong Returns (7.2% in this case) & Body Corp Fees, maintainance etc paid by tennantCon's – Can experience low (if any) Capital growth & some lenders don't like them as security (and/or t…[Read more]

]]> 256e2788527f67f986c04bd4a716e471 MarJac replied to the topic Development on <600sqm in the forum Help Needed! https://www.propertyinvesting.com/topic/4403674-development-on/#post-4648019 Wed, 18 May 2011 22:50:28 +0000 Definitley speak to the local council, you will find that most Councils will have a minimum subdividable size. it maybe 300 sqm or 250 sqm or something else.If your block doesn't meet the minimum size you may still be able to apply for approval as an 'exception' however you may also need to engage a Town Planner and/or Architect (who may have Town…[Read more]

]]> 833616939f1d749df9584886ba36eaa9 MarJac replied to the topic Who's doin' what in 2011? in the forum Just rented out my 2 bed https://www.propertyinvesting.com/topic/4402654-whos-doin-what-in-2011/page/3/#post-4640921 Tue, 17 May 2011 01:28:06 +0000 Just rented out my 2 bed Flat after repaint & new carpet, was my PPOR for 11 years so have a nice 6 year CGT exemption after moving in with GF. Mmmmm… 2nd months rental a 5 days late, will have to discuss with PM, tennats late or slack processing by PM ??Getting some architects plans for possible reno/extension to GF's (soon to be bride) PPOR a…[Read more]

]]> cd8b1e1252692e1861bf0578a74564ca MarJac replied to the topic Broker doesn't know panel valuer - What next? in the forum Finance https://www.propertyinvesting.com/topic/4403559-broker-doesnt-know-panel-valuer-what-next/#post-4647256 Fri, 06 May 2011 00:37:20 +0000 Also be aware that although you obtain a valuation from a Panel Valuer the lender, in this case St George, may not accept the valuation.A valuation instructed by a lender for 'mortgage purpose' may differ from a valuation instructed for private / Market Value, particularly on a 'what if' scenario To clarify, I have worked for a number of…[Read more]

]]> 8f92c91ccb0da8058d167f0258dd8e2d MarJac replied to the topic Would the Home Equity Loan on PPOR for IP be tax deductible? in the forum Finance https://www.propertyinvesting.com/topic/4403498-would-the-home-equity-loan-on-ppor-for-ip-be-tax-deductible-2/#post-4646897 Fri, 29 Apr 2011 01:44:14 +0000 Its the use of the funds not the security used that determine if the costs associated (interest etc) are deductible or notProviding all the funds from the equity loan are used to purchase the IP they should be tax deductible. However as always its always best to seek professional Tax advise

]]> 62b2d0b325795cb059ba38bdc0b4aed1 MarJac replied to the topic tenant doing capital improvements in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403494-tenant-doing-capital-improvements/#post-4646871 Fri, 29 Apr 2011 00:05:59 +0000 Depending on the actual works/improvements being undertaken, you may need, probably should, obtain consent from your lender. Such changes to the property without the lenders consent could put you in default of the mortgage conditions.If the tenants intend to run a small business from the property and with such "improvements" the lender may…[Read more]

]]> e641d0d52a259ebd57c0db20bdfc9aed MarJac replied to the topic Insurance Cash Settlement Disclosure to Bank in the forum Finance https://www.propertyinvesting.com/topic/4403478-insurance-cash-settlement-disclosure-to-bank/#post-4646768 Thu, 28 Apr 2011 05:34:41 +0000 Scott No Mates wrote:
the insurance company has no relationship with your bank, you direct it where to deposit the funds, not your bank.

The Insurance coy and the bank may have no direct relationship however as the Bank would have a mortgage on the property and this interest would be noted on the insurance policy the Insurance company must…[Read more]

]]> 7b45eceeda710a8663c774d527bd654e MarJac replied to the topic Caveat on new property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403420-caveat-on-new-property/#post-4646369 Thu, 21 Apr 2011 05:47:34 +0000 The solicitor is making this recomendation to protect YOUR interests, I very much doubt it is a grab for money. Sum may think that $150 To prepare and lodge a caveat, sure this is relativley simple, is a bit much but ask yourself how much is your own professional services are worth?No I'm not a lawyer/solicitor but I get tied of people assuming…[Read more]

]]> 01abc4fb41a1dedc00d46463c6b35599 MarJac replied to the topic Investing in apartments in Melbourne CBD? in the forum Help Needed! https://www.propertyinvesting.com/topic/investing-in-apartments-in-melbourne-cbd/#post-4645876 Thu, 14 Apr 2011 00:08:03 +0000 Apartments in this price range are usualy Student Accomodation or Serviced Apartments and over the last number of years (like almost forever) apartments in this category have shown very little Capital Growth.

]]> c3a30605b48799935d9d9b90e2a245cf MarJac replied to the topic Section 32 in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403348-section-32/#post-4645857 Wed, 13 Apr 2011 23:39:13 +0000 The quoted price of $770 sonds usual for the whole Sec 32, and arranging & attending settlement etc, otherwise very expensive just for a Sec 32. Could also try shopping around and would suggest Conveyancers rather than solicitors.Do you intend to deal with the settlement etc yourself once the property has been sold? You will need to liaise with p…[Read more]

]]> a04e355e425e6c3582aec7f268940d57 MarJac replied to the topic Advice needed for a bathroom, ensuite and European laundry renovation in the forum Help Needed! https://www.propertyinvesting.com/topic/4403323-advice-needed-for-a-bathroom-ensuite-and-european-laundry-renovation/#post-4645715 Mon, 11 Apr 2011 04:58:45 +0000 Difficult to tell not knowing the property or the extend of the work required and/or what the quote does cover.Edit: just seen your last post $30k doesn't sound to far off, can depend on your areaAs a guide my GF did a similar exercise about 4 years ago and that cost about $60k including bathroom fixtures & plumbing etc. This did include better…[Read more]

]]> 7dc21fb9a7204d3ed958b1a0f8281f01 MarJac replied to the topic Body corporate fees - things in perspective in the forum Help Needed! https://www.propertyinvesting.com/topic/4403321-body-corporate-fees-things-in-perspective/#post-4645698 Mon, 11 Apr 2011 04:38:44 +0000 Looks more like annual fees to me. How many apartments are in the complex?If 3 days a week caretaking is $20,000 per month, I'll do it for $10,000 per month !!I assume that this would be for cleaning/vacuuming common areas (Corridors etc) & garden maintenance etcPower Bill of $13,000 per quarter sounds ridiculous even annually its a lot even with…[Read more]

]]> 8f6ddbb7ee78e8b3eed29d566d508714 MarJac replied to the topic guarantors and selling in the forum Your unit may have increased https://www.propertyinvesting.com/topic/4403262-guarantors-and-selling/#post-4645284 Mon, 04 Apr 2011 04:04:05 +0000 Your unit may have increased in value sufficiently that the Guarantee is now not required and therefore your parents can sell the property without any problemsBest to call and speak to your lender/bank and ask what their requirements are, they will probably wish to undertake another valuation to establish if you now have enough equity/security i…[Read more]

]]> f221e29f87bccf24813beaca59b00a17 MarJac replied to the topic Home loan + mortgage name in the forum Qlds007 wrote:Sorry i hate https://www.propertyinvesting.com/topic/4403110-home-loan-mortgage-name/#post-4643935 Thu, 31 Mar 2011 22:54:31 +0000 Qlds007 wrote:
Sorry i hate to disagree with Marjac but certainly the names on the Title and the loan can be totally different.As long as you can persuade your lender there is some Financial Benefit for your mother to be a co borrower or Guarantor there is NO need for her to be on the Title.They may suggest or insist that she gets independant…[Read more]

]]> 2494f5e483f0e2a3d4e5893547638aab MarJac replied to the topic Can I connect two properties that I own in a dual occupancy strata tittle property. in the forum May depend on which State https://www.propertyinvesting.com/topic/4403116-can-i-connect-two-properties-that-i-own-in-a-dual-occupancy-strata-tittle-property/#post-4643963 Mon, 21 Mar 2011 22:41:59 +0000 May depend on which State you're in but if you end up owning both properties you should be able to join them by knocking a doorway/corridor through, maintaining the structural integrity of course. You should also be able to consolidate the title into one in need.Talk to your local Council for any planning restrictions etc

]]> cab2faf75d83bf52a33b96afdafb7ae2 MarJac replied to the topic Home loan + mortgage name in the forum Help Needed! https://www.propertyinvesting.com/topic/4403110-home-loan-mortgage-name/#post-4643931 Mon, 21 Mar 2011 03:56:31 +0000 Most lenders will require all borrowers to be on the title and yes you can change the names on the Title/Loan later but may incurr Tax AND Stamp Duty implications

]]> ce8b393e002bbc6c61072674b8e10a63 MarJac replied to the topic Tax Deductible Expenses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402347-tax-deductible-expenses/#post-4639064 Thu, 03 Mar 2011 04:39:08 +0000 rich_99 wrote:
Thanks Dan and Luke – I own a number of IP's in the UK and just moved to Oz so wondering about claiming 1 trip per year back to the UK to perform annual maintenance/inspections on the properties I own plus buy an additional one or two properties each trip…….I guess I can deduct against the properties I already have which means…[Read more]

]]> 1bf4c6a804632c76fd2ed58d19656a9e MarJac replied to the topic Maximum percentage for tenants in common in the forum I believe 99% & 1% maybe the https://www.propertyinvesting.com/topic/4402929-maximum-percentage-for-tenants-in-common/#post-4642956 Mon, 28 Feb 2011 23:18:00 +0000 I believe 99% & 1% maybe the realistic percentages

]]> 16ff8501f9cb9cbc26b16e11af2d8401 MarJac replied to the topic Section 32 / Conveyancer resposibilities / titles search etc etc in the forum General Property https://www.propertyinvesting.com/topic/4402928-section-32-conveyancer-resposibilities-titles-search-etc-etc/#post-4642955 Mon, 28 Feb 2011 22:18:00 +0000 I assume your looking at buying a property in Victoria as a Section 32 relates to VictoriaNormal process is that the Vendors Conveyancer/Solicitor prepares the Sec 32 'Vendors Statement' this is a standard form and should include:Services that are connected or available ie: Gas, Water, Power etcAmount of Annual Rates and/or Body Corportate Fees -…[Read more]

]]> 7655d87a6952662902568b5877205103 MarJac replied to the topic Renting out my Primary Place of Residence for a few years - Assitance required :) in the forum Help Needed! https://www.propertyinvesting.com/topic/4402796-renting-out-my-primary-place-of-residence-for-a-few-years-assitance-required/#post-4641953 Tue, 15 Feb 2011 22:56:15 +0000 Scott No Mates wrote:
you may also look at getting a depreciation schedule prepared by a quantity surveyor. This gives rise to you claiming depreciables at tax time.

I don't wish to highjack this thread however I'm also about to rent out what was my PPOR which is also a flatBefore I place on rental market I intend to repaint & re-carpet (both…[Read more]

]]> 4d669b0759ba37b641054ccfdaa96679 MarJac replied to the topic want to buy apartment in the forum Help Needed! https://www.propertyinvesting.com/topic/4402733-want-to-buy-apartment/#post-4641535 Wed, 09 Feb 2011 22:42:07 +0000 With your voting power it may depend on which State and/or the Body Corporate rules etc as in VIC you will actually need 75% of the vote and not just a simple majority to instigate some changes and for most 'major' works/renovations 100% is required (other than necessary repairs etc). I don't think you'll have much of an issue with practical…[Read more]

]]> ac1d7fc2d99f92842f3f171517603d81 MarJac replied to the topic finance for investment property on centerlink pension? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402499-finance-for-investment-property-on-centerlink-pension/#post-4639930 Thu, 20 Jan 2011 23:02:08 +0000 Not sure how single parent entitlements work theses days however you may also need to consider that Centerlink will consider any rental received as income and therefore may reduce your entitlement

]]> d02b21ac93aa2b47ba8a4c5857828d65 MarJac replied to the topic Mortgage exit fees axed! in the forum General Property https://www.propertyinvesting.com/topic/4402184-mortgage-exit-fees-axed/#post-4638110 Thu, 16 Dec 2010 22:14:44 +0000 keiko wrote:
So how will fixed loans workIf we fix for say 3 years and decide we want out in 1 year, then is there no exit fees?if this is the case we miles well all fix for 5 years knowing we have the ability to exit anytime

Exit Fees and Fixed Rate Break Costs are not the same thing. If you wish to exit/refinance a Fixed Rate Loan you will…[Read more]

]]> 493ce0016b88b4ffb08479f14626b357 MarJac replied to the topic Bank refusing to allow or accept a revaluation of my property in the forum Finance https://www.propertyinvesting.com/topic/4402088-bank-refusing-to-allow-or-accept-a-revaluation-of-my-property/#post-4637517 Thu, 02 Dec 2010 05:26:21 +0000 First of all LMI doesn't really have any influence over your loan (except in a default situation), you've already paid the premium which covers the Bank for the term of the loanThe loan is already over 2 years old so little possibility of any partial refund of the premium paid, refunds are usually (depending on insurer and Bank) are only paid…[Read more]

]]> 4254bd1c08387ca869d373992b6ec2b9 MarJac replied to the topic Legal fees with buying a house in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402067-legal-fees-with-buying-a-house/#post-4637355 Thu, 02 Dec 2010 04:53:58 +0000 You don't need to instruct or engage a solicitor or conveyancer until your offer has been accepted so should only pay these legal costs for the property purchase you are proceeding with. The legal costs are usually paid for at settlement and are often part of the disbursements/settlement funds

]]> 1a15f66317fc16d70a68cfac06456f42 MarJac replied to the topic Legal fees with buying a house in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402067-legal-fees-with-buying-a-house/#post-4637353 Wed, 01 Dec 2010 03:57:59 +0000 Depending on which State your in $1,200 does sound a bit expensive, unfortunitely I haven't dealt with ACT much so don't know the situation there, perhaps someone else may have more experience with the ACTIn Victoria you would expect a Solicitor to charge around $600 plus disbursements (approx $200) a Conveyancing agent maybe a little cheaper at…[Read more]

]]> f9f5da43681e1a64839d471aafa87d78 MarJac replied to the topic Is it worth refinancing to a smaller home lender? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401944-is-it-worth-refinancing-to-a-smaller-home-lender/#post-4636622 Mon, 22 Nov 2010 00:07:20 +0000 You indicated that you don't have enough equity in your property as yet for INGIf your LVR (Loan Value Ratio) is greater than 80% you will probably have to pay Lenders Mortgage Insurance (LMI) again so insure that you factor that premium into your refinance costsYou may or may not (depending on lender) receive a rebate if you have paid LMI…[Read more]

]]> 8ee4cb138ba4803e1211da49fab0a248 MarJac replied to the topic Getting a mortgage for an overseas property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4398990-getting-a-mortgage-for-an-overseas-property/#post-4618484 Wed, 17 Nov 2010 04:52:14 +0000 paulashorse wrote:
G'day I am an American who has been living in Australia for the last 15 years.  I am thinking about trying to buy  a bank owned or foreclosed home in the USA as an investment. I rang our bank to ask them if they had any other clients that invested in overseas properties but they told me NO, that THEY DON'T HOLD SECURITIES ON A…[Read more]

]]> da2184550929e832754a9829ee07de25 MarJac replied to the topic bank holding up settlement in the forum Finance https://www.propertyinvesting.com/topic/4401843-bank-holding-up-settlement/#post-4635895 Thu, 11 Nov 2010 04:48:51 +0000 For either case it would depend on the Contract of sale and in which State the properties are in, in some States there may be provision that settlement may take place within 7 or 14 days of the actual settlement dateIn the case of the Bank not being able to settle, and as previously posted if they had documents 3-5 working prior to settlement and…[Read more]

]]> a98881ae0c9d9b45ac7ed38b860580a6 MarJac replied to the topic Interesting Proposition - Different selling technique in the forum General Property https://www.propertyinvesting.com/topic/4401680-interesting-proposition-different-selling-technique/#post-4635055 Wed, 27 Oct 2010 04:44:39 +0000 This may also create an issue with Stamp Duty payable on the Transfer as the State Revenue Office may interprete the sale price ~$150k less than market value an attemp to avoid duty payable. Will the purchaser also need to pay maintainence/upkeep for the next 20-30 years ?

]]> 50f63f62e361469655a3d791bfe3b969 MarJac replied to the topic Changing banks with settlement pending? in the forum Finance https://www.propertyinvesting.com/topic/4401655-changing-banks-with-settlement-pending/#post-4634904 Tue, 26 Oct 2010 04:11:01 +0000 If you take a copy of the contract of sale, hopefully unconditional, for the block that your selling to the new lender(s) the worst is that the new lender may give you an approval 'subject to settlement of xx block' and/or funds from settlement (or a certain amout) to be applied in reduction of debt etcI've seen plenty of settlements de…[Read more]

]]> 943af6c45978c6713acc4c4054ac557e MarJac replied to the topic Maximum Construction Loan LVR? in the forum Finance https://www.propertyinvesting.com/topic/4401653-maximum-construction-loan-lvr/#post-4634885 Tue, 26 Oct 2010 01:36:42 +0000 A lot of lenders are still only lending 90% LVR for owner occupied construction (Fixed Price Contract) LMI are also being a little hesitant on some dealsFor a development deal such as yours I would think 80% LVR would be the most you could expect and this will probably not be at 'Home Loan' rates

]]> 6da5f14df234b7512067991ebc622bfd MarJac replied to the topic Changing banks with settlement pending? in the forum If all the security is cross https://www.propertyinvesting.com/topic/4401655-changing-banks-with-settlement-pending/#post-4634902 Tue, 26 Oct 2010 01:30:27 +0000 If all the security is cross collateralised i.e. all properties secure all loans, I would suggest that you hold of as although the refinance settlement may take place prior to the 22nd when the sale is due it may not leave enough time for the new mortgage to be registered (this is depended on the Land Titles Office in the state that the security…[Read more]

]]> 8648d58e4ddab6b3c7ce300b788e2d3f MarJac replied to the topic houses under powerlines in the forum General Property https://www.propertyinvesting.com/topic/4401626-houses-under-powerlines/#post-4634763 Tue, 26 Oct 2010 01:15:19 +0000 Mortgage Insurers do not like high tension/voltage power lines at all and have a minimum distance requirement, although I can't recall what this distance is. It might be less than 100 metres or 300 metresSome lenders may also have issues as some tend to follow LMI guidlines anyway if if less than 80% LVR

]]> 2c29408c210ff63d9a6ebeda5771f756 MarJac replied to the topic first home 450k to spend in melb - where and what to buy? in the forum It would depend on the https://www.propertyinvesting.com/topic/4401485-first-home-450k-to-spend-in-melb-where-and-what-to-buy/#post-4633930 Wed, 13 Oct 2010 04:18:41 +0000 It would depend on the particular properties in question, a good sized unit in good condition in Mont Albert maybe a better investment than a small house in 'average' condition in Ringwood.I would expect that there would not be much difference between an average unit compared to an average house and wouldn't get to worried about the difference,…[Read more]

]]> 66c04e6603f0daa7c1fbce6c0a736c29 MarJac replied to the topic Refinancing-Disclosure of other loans in the forum Finance https://www.propertyinvesting.com/topic/4401487-refinancing-disclosure-of-other-loans/#post-4633956 Wed, 13 Oct 2010 03:46:59 +0000 Double Post :-)

]]> 3ee26ee08e12e8d998ecb7662359b740 MarJac replied to the topic Refinancing-Disclosure of other loans in the forum kylieandronnie wrote:When https://www.propertyinvesting.com/topic/4401487-refinancing-disclosure-of-other-loans/#post-4633955 Wed, 13 Oct 2010 03:36:51 +0000 kylieandronnie wrote:
When refinancing 3 loans with one lender do you have to disclose all other loans with other lenders and in other trusts?And do they find out anyways with credit checks???

Yes you should disclose ALL other assets, liabilities /  commitments as this may have an impact on your serviceability (ability to repay etc). Most L…[Read more]

]]> ded4fc6feefcf375a81cfbe59c6b9e6a MarJac replied to the topic Setting up a Trust Fund - Is It Too Late? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401274-setting-up-a-trust-fund-is-it-too-late/#post-4632333 Wed, 22 Sep 2010 04:28:54 +0000 You havn't mentioned which State your purchasing the property in, however usually the Trust will need to be established prior to signing of any Contracts etcYou may be trying to shut the gate after the horse has bolted

]]>