Hi Richard,
I was assuming as we had a mortgage with Lloyds Tsb we could easily get another one and on the website the buy to let ratio is 25% deposit.  As we are not in a position to buy yet I have not looked into it fully but definitely a question to ask the bank.  It would be really annoying if that was the case as the returns from the UK  seem…[Read more]

Hi,
I would also like to buy houses on blocks of land and then subdivide.  Do I need a different type of mortgage for this purchase? I assumed I could get a mortgage and then just go about subdividing the land.
Thanks Sarah

Hi,
How did you go with the search in Ballarat?  I am also thinking about investing in Ballarat, it is there or Geelong.  I also thought that the student population would be helpful in terms or renting to them and getting a higher yeild.
Cheers Sarah

Hi,
I am from London now living in Melbourne.  We  bought a property in Harrow in London in 2001  for $117,000 pounds now worth $220,000.  The property is tenanted for $950 a month  and we pay $250 a month on an interest only mortgage.  I wish I could afford to buy more property in the UK as the cash flow i much better than in Australia. I am…[Read more]