We do a lot of Expat / Foreign National loans and most lenders wherever they are based ask for a copy of a credit search in your Country of origin.

Not disclosure on an application form is actually Mortgage fraud so upto you whether you want to go this route.

Cheers

Yours in Finance

Hi Jcam

Probably going to need 2 Years Tax UK Returns for a lender in Australia to accept the income for servicing.

Cheers

Yours in Finance

Hi Ozboy

Yes if you can strata the property now your finance options will increase however in saying that 3 units on a single title with a view to strata post completion is still very doable.

Cheers

Yours in Finance

Hi Gavin

No hate to say as most Installment contracts are for coded loans you will need something that meets the requirements of the NCCP legislation. We use FinPower software but is probably too expensive if you only have < 10 deals.

I am sure Loan Alert does it might just not be updated with the changing legislation.

Cheers

Yours in Finance

Hi Cheryl

Welcome to the forum and hope you enjoy your time with us.

This is a property forum so you might not get too many fans of shares and the stock market post.

Whilst a lot of us have shares in our portfolios the majority of us built our wealth thru property.

Cheers

Yours in Finance

Sitbon

Feel free to shout me an email and me happy to send you my API interview on how i build a $26M unencumbered property portfolio by the age of 40 generating over $1M / annum rent.

Since then with a variety of other strategies it is now over $40M.

Cheers

Yours in Finance

Hi Ethan

Can you clarify what your question is ?

Personally i have no idea.

Cheers

Yours in Finance

Amanda valuation now and valuation in April 2018 could be a mile apart.

I think you will find it difficult to sell something which has is supposed to be under market value.

Personally if i was the investor i would be running for the hills as there are plenty of unit bargains around which can purchased today well under market…[Read more]

Hi Case

OK cheers for the additional information.

Equity part of the equation appears Ok but construction amount will depend on potential rental yield.

Probably going to need a little bit more information (number of dependants, any personal loans etc) to give you an exact answer.

Course in saying this would probably act quicker than later on…[Read more]

Hi Case

Normally we would suggest a client access 20% deposit on the land and estimated construction amount from their own equity (obviously if this is not available you may still be able to go to 90% lvr) and then finance the balance of land and construction using the duplex as sole security.

No benefit at all in cross collateralising the 2…[Read more]

Hi EW

We have our own Retail AFSL and operate a Pooled Mortgage Fund via our Company Australian Secure Capital Fund Ltd of which I am one of the 3 Directors. Current FOM is around $52M and growing weekly.

Been in the Private lending business since 1997 and done all-right for myself.

At the moment we have more good quality deals than we have…[Read more]

Hi EW

We have our own Retail AFSL and operate a Pooled Mortgage Fund via our Company Australian Secure Capital Fund Ltd of which I am one of the 3 Directors. Current FOM is around $52M and growing weekly.

Been in the Private lending business since 1997 and done all-right for myself.

At the moment we have more good quality deals than we have…[Read more]

Hate to say this is an Australian based property website so you are not going too many responses.

Cheers

Yours in Finance

Hi Maxj

Not every lender assesses a loan using the recommended sensitised interest rate of 7.25% so there are still plenty of options left subject to how you have your existing loans structured.

Of course it is difficult to provide actual advice without a full assessment of your own situation but just because you get told it can’t be done by one…[Read more]

Hi Garry

Yes very true and not the first time i have heard this.

In saying this if you have a relationship at business banking level and your A & L is strong the deal should be able to be approved.

Course in saying this you are not paying mum and dad residential rates or set up fees and that is something some builders / developers don’t…[Read more]

Yes all of our loans are no more than 12 months using the purchased property as security.

Our rates vary between 12-18% on 1st Mortgages dependant on the location of the security etc.

Cheers

Yours in Finance

We do a lot of this type of business for property developers and flippers and is done thru our Private lending arm.

Settled one yesterday for a forum member who only needs the funds for 60 days when their reno will be complete.

Usually max lvr on the property security is circa 70-75% lvr so you might have to use your O/d for the balance and reno…[Read more]

Jempire, We go to 80% lvr on 2nd RM especially if you have sale contracts in place.

Would need more information but feel free to email me and we can certainly look at the deal as we are based in Brisbane.

Cheers

Yours in Finance

Hi Kam

Tried to call you this morning to discuss without success.

Sent you a text so call me when you are free.

As a Private Lender we do a lot of these deals each week.

Cheers

Yours in Finance