Rent to Buy and Vendor Finance now banned in several States in Australia so ensure you are operatng legally.

Cheers

 

Yours in Finance

As a result of recent RBA interest rate falls we have now dropped the interest rate on this product to 3.85% plus a 2% or 2.5% Management Fee (dependant on whether the LVR is over 80% or not) and hit our 100th settlement.

Certainly the response from borrowers, brokers and other intermediaries has been excellent.

Here’s to a good start in 2020…[Read more]

Given Vendor Finance is now illegal in 3 States of Australia I doubt the course has much value these days.

Cheers

Yours in Finance

We have been offering our 90% NO LMI SMSF product for the last 3 months and setted over 20 deals so far with another dozen + in the pipeline. At the monment we only offer it thru Finsure Brokers one of the Aggregators we are on the panel of. It is also only offered in Qld, NSW and ACT.

They also have our No Deposit investment loan (Qld brokers…[Read more]

Terry you are correct as we all now that the slightest hiccup means LMI delcine the deal as they dont need an excuse

We have been piloting both the SMSF product & No deposit for investors for the last 3 months and certainly picking up momentum.

Cheers

Yours in Finance

Ian, happy to email you the product specs if you want to PM your address.

Cheers

Yours in Finance

Yes product was launched in June after Cooper Grace Ward signed off on the product and to date we have settled about 30 deals.

At the moment we are getting a deal a day in from our Broker network.

The product is a SMSF Rent to Buy.

Cheers

Yours in Finance

Chris, As a Non Resident you wont get ANY UK lender to provide finance on an investment property.

I have a property in the UK and a UK Bank Account having been born and bred there and even i can’t get finance.

You thought it was hard to get Finance in Australia as a Non Resident well the UK is even harder.

Cheers

Yours in Finance

Hi Matt

The facility is not an SMSF loan and therefore does not fall under the LBRA rules.

It is done by way of a direct lease agreement with the SMSF and therefore has greater flexibility as well as considerable Tax advantages for the SMSF in the long term.

We have spent a considerable amount of money with Cooper Grace Ward ensuring the…[Read more]

80% or even 85% with 1 lender available however interest rates certainly have not come down too much.

Cheers

Yours in Finance

Are you PAYG or Self Employed ?

If self employed and have your last 6 months Bank Statements then depending on what industry you are in there are a couple of lenders who may look at but won’t be cheap.

Cheers

Yours in Finance

Hi Brizza

Yes certainly is and how most investors go about it.

Trick is however to avoid cross collateralising your loans.

Normally you would draw upto 80% of the value of the first up and use this as deposit for number 2 but just running your numbers you are going to be well over 90% lvr inclusive of stamp duty and that is likely in the…[Read more]

Due to popular demand we are launching our in house SMSF loan product with no liquidity and no minimum fund balance.

It is a lodoc loan so even if you are self employed and the lvr and property asset is right you will be considered.

Even if a new Labour Govt carry out their threats and withdrawn LBRA’s the product will still strive.

Just…[Read more]

Sure Debshe will back on shortly to tell us they have now helped her pay off her home loan in full and she doesn’t pay any tax at all due to their teachings even in insolvency.

Maybe they were busy saving everyone else Tax they forgot about paying their own to the ATO.

Cheers

Yours in Finance

Sure Debshe will back on shortly to tell us they have now helped her pay off her home loan in full and she doesn’t pay any tax at all due to their teachings even in insolvency.

Cheers

Yours in Finance

Unless you are existing accreditated introducer Macquarie isn’t taking on any new SMSF’s now let alone June.

Still several other SMSF lenders and some interesting post LBRS products in the pipeline.

Cheers