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Even if a new Labour Govt carry out their threats and withdrawn LBRA’s the product will still strive.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

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

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

Cheers

Hi Craig

We have our own white label SMSF product which is a leader in the SMSF market.

Certainly an area we see lots of borrowers come unstuck.

Drop me a line if you would like me to get one of credit officers to email you some product specs.

Cheers

Big difference between an Expat and a Non Resident.

As an Expat you can purchase a second hand property so have the opportunity of purchasing below market value like the rest of us. If you are looking at flipping the property then certainly doable but need to consider the Stamp duty implications and other associated costs.

Cheers

Yours on Finance

Hi Dave

Doesn’t surprise me we see it all the time with the big 4.

Would need more information to be able to advise you further but you are likely to be limited to circa 75% lvr depending on the size etc.

Cheers

Yours in Finance

If the lender is based overseas not covered by NCCP.

This is why we and other lenders have a separate lending entity in Shanghai doing Lodoc Non Resident Loans in Australia.

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Yours in Finance

Terry, under NCCP a loan under 62 days in term is not classified as a coded loan irrespective of the purpose.

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Yours in Finance

Yes it is illegal to provide credit to anyone (To an individual for personal purposes) without holding an Australian Credit License or being a Credit Representive of an ACL Holder)

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Yours in Finance

Breach of NCCP if the loan is for personal purposes.

Heavy fines for doing so without an ACL.

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Yours in Finance

Hi Ben

When you consider that the compliance costs of a Retail Mortgage Fund are well over a $1M per annum I don’t think the rate we offer our investors is too low at all.

Whilst you don’t need a Credit License to do a Non-Coded loan going forward you may well need to register with APRA. We were forced to register with them last year and of…[Read more]

Yes although only under certain restrictions within NCCP.

Cheers

Yours in Finance

Only if you offer Coded loans over 62 days.

We run a Private Mortgage Fund with over 300M FUM now and there are certainly plenty of deals out there.

Helps of course being on a couple of Aggregators panel though.

Cheers

Yours in Finance

Hi KDL

Are you sure that your lender will allow the Title to be in your sons name with your income being used to show servicing.?

We operate our own wholesale non-resident lending fund and certainly we wouldn’t accept that however in saying that our rate isn’t 6.79%.

Cheers

Yours in Finance