Hi Chris

I wish i could give you an suitable answer but i can't.

Last year I went over on a buying spree for clients picking up really good investment properties and organising UK finance with a number of lenders. This year the avenues have all dried up.

I am not aware on any UK lender that will consider a loan for a non resident even if the…[Read more]

Cheers Nigel Yes 33 degree days and 85% humidity aren't fun at the best of time.

Local supermarkets have run out of buckets for sale but not as concerning as the local coffee shops which have closed because they have no clean drinking water.

Thankfully we are not Bundaberg though.

Cheers

Yours in Finance

Appreciate the warm wishes guys.

Further update just opened the front door and it is pelting down and storm on its way tonight.

Just what we need more rain.

Thank god i invested in an amphibious vehicle like the one on Top Gear.

Cheers

Yours in Finance

Yes they don't call it Chapel Hill because we are down on the flat that's for sure so ok on that side.

Stream we had in the front of the driveway some 60 metres form the house had never seen water in it until the weekend so more concerned whether my i could drive my car out.

No triple 0 calls needed here just felt like camping for a few days…[Read more]

Michael yes you are on the right track.

Get your broker to order the valuation up front and then at least you can see whether your offer is within the ball park.

We did one for a Melbourne forum client last Wednesday which came in at $385,000 and the client offered $365,000 and had the contract accepted.

Admitedly the valuers report will now be…[Read more]

Hi Stickers

Firstly welcome to the forum and i hope you enjoy your time with us.

Certainly financing such a deal needs to be carefully planned as getting it wrong could be expensive.

Construction loans involve progressive payments and the lender will charge interest on the outstanding amount.
In a standard build you would normally expect to…[Read more]

Sure Daniel just emailed.

Cheers

Yours in Finance

Hate to say my early 20's are a bit of a blur.

Too many University parties to back up from.

Cheers

Yours in Finance

Ok Cantona won't hold that against ya.

I'm a pom originally so good mix on the forum.

Happy Australia Day everyone.

Cheers

Yours in Finance

Kid don't waste time just get Jamie on the job and get it sorted professionally.

Just out of curiousity where were you an original resident of ?

Cheers

Yours in Finance

Sorry for the late response.

No have to agree with Jamie i have never heard of anything like it in my life.

Maybe your Broker is looking to diversify his income lever because broking isn't going to will.

Cheers

Yours in Finance

Neil from a financing perspective a security with a built in downstairs will not be palatable to many lenders.

Many will consider it as a specialised security especially if you have 2 kitchens, bathrooms etc.

Similar to a turnkey arrangement so might need so careful massaging a dealer thru to obtain a meaniful lvr.

Can think of a couple of…[Read more]

Sorry as a SMSF specialist i would question whether buying in the US and borrowing funds at 9% thru your Super Fund could be seen as a sound investment decision.

You would be better of to do a related party loan at 1-2% and personally claim the Tax loss in your own name.

Cheers

Yours in Finance

Danger and some brokers do a valuation upfront for their clients to ensure they are not overpaying for the property.

No lender will go past 90% on NRAS even BoQ.

in relation to Sam's query on resale that is not the case and you can certainly sell the property at anytime like any other property.

Cheers

Yours in Finance

Not much to say now as Terry has very adequately set out the position over his 3 responses.

Cheers

Yours in Finance

Hi Hagget

Better late than never.

Just talk to Jamie and get some proper structured advice.

Cheers

Yours in Finance

Yes Jamie don't you just love such advice from lenders.

Shame they won't put it in writing.

Whatever you do not take up such advice as you will be paying for it forever and a day.

Good structured advice away from your Bank is the way to go.

Cheers

Yours in Finance

All good points made so far.

With limited savings / equity might want to keep your cash in savings and consider a 100% standalone investment loan.
We are finding many investors are seeking such a product and spent a while trying to put such product together.

Cheers

Yours in Finance

Hi Tiggar

Firstly welcome to the forum and i hope you enjoy your time with us.

Sorry to come in late in the post but i think the snow here in the UK has slowed down my internet connection.
Thankfully i am leaving today so will be back in the warm shortly.

I had to read your post a couple of times as i couldn't believe what I was reading.

3…[Read more]

Hi Tambo

You won't pay back anything on any of the Depreciation claimed however the Capital Allowance claimed will be deducted from the Cost Base on the original sale price when calculating Capital Gains.

Hope this helps.

Cheers

Yours in Finance