I am with Terry i think last years premium was about the same.I am assuming you will be an Authorised Representative so the firm who holds your ACL will be able to give you the premium.In regards to longevity i have been in the industry both here and the UK for the best part of 23 years and other than 6 months when i initially retired have done…[Read more]

Jamie if it anything like they coped last Special it will be another joke.With AMP / Citibank promo's you had no chance it getting the deal over the line on a purchase if you needed it the same month as you lodged it. Total disgrace.CheersYours in Finance

Hi Tiger14Yes no dramas as long as the rent is done at market rent.CheersYours in Finance

Depends on who the lender is and where you located.14 days is standard and achieveable with many a lender. Remember lenders quoted their service level in business days and not actual days so there can be a big difference.Without knowing more about your position it is difficult to provide you with a more accurate answer as if LMI is required this…[Read more]

I know both properties and wouldnt have an issue with either.The house has a small land area and not ideal for Capital Growth and the small garden will need to be maintained which comes at a cost.Remember the Body Corporate fees will cover the Insurance of the property and this is something that you will need to do anyway with a freestanding…[Read more]

Yes as Terry said that woulld be possible subject to a few points however whether it is the best way forward is a different matter.Your father could take out a loan in his sole name at a cheaper rate and then on lend the funds to you at the same rate.Couple of lenders who might look at this.CheersYours in Finance

Only trouble with any of these so called Special Offers is the lenders service levels then blow out to ridiculous levels.AMP were out to 19 working days to look at a deal until recently and even though they ended their 5.99% 3 year fixed rate are still at 9 working days. With a 14 day finance period you have no chance of getting the deal approved…[Read more]

Hi htopgWith an unencumbered property there are always options however of course your local Bank manager may not be the right person to be advising you of what they as he probably hasn't even paid down his own PPOR loan let alone bought his 5th investment property.CheersYours in Finance

Sure Nigel wont mind me posting his contact details:nkibel@netspace.net.auMob: 0412 345 735CheersYours in Finance

Travelling too and fro to your Accountants office is a Tax deductible expense so they can be located anywhere if you prefer face to face contact.I have a couple of forum clients who fly down each year from Townsville to my Accountant on the Gold Coast and combine it with a weekend on the Coast all tax deductible.CheersYours in Finance

JohnHate to say no lender will lend your wife a cracker if she is unemployed especially since the intro of NCPP.If you decide to sell the property to your wife there is nothing to stop her being on the Title and both of you being co-borrowers or alternatively you buying a percentage of the property from and going from Joint Tenants to Tenants in…[Read more]

Hi VinayJust be careful that this so called Major lender doesnt do another credit search.I see it every day of the week loans declined by one lender and then client goes to another lender who promises the earth and then declines the deal on credit scoring.Talk to your Mortgage Broker and find out your options before rushing in with a lender as…[Read more]

Eddy trust me we finance enough deals in Emerald and know the valuers well enough to know that whatever the agent tells you the valuer will discount the value by the cost of the furniture.Using a lender that goes off the Contract price only is your only option.CheersYours in Finance

Wow Mayle i wouldnt fancy being in your shoes as Terry mentioned loss of deposit is just 1 issue you might have to face.Without knowing the full facts it is difficult to comment but i can think of a few lenders who would insist on 2 consecutive payslips irrespective of the lvr. In saying that i can think of a dozen more you would have no problem.I…[Read more]

Terry is so right. Be suprised how many times we get deals put to us where the clients have gone down the route of setting up expensive structures (usually recommended by their Accountants) only to find finance is not achievable within that entity or if it is lenders treat it as a commcerial deal or want to charge higher interest rate or impose…[Read more]

Tracey oh i agreeI have a block of 18 here in Brisbane that i purchased some years ago (All in 1 line on single Strata)We do all of our development finance thru Anz and when they knew i was buying to keep these they said we will have to do those at Commercial rates and terms. Thats easy i said NAB National Credit want out development business and…[Read more]

Another bonus of the Sunshine State.CheersYours in Finance

Hi VinayFirstly welcome to the forum and i hope you enjoy your time with us.AH is great suburb and has a good rental demand. (Slightly biased because i like playing around at Brookwater GC.)Buying new will provide you with healthy depreciation and capital allowance claims. Although in saying this dont buy merely for the Tax breaks. Talk to a…[Read more]

Hi FTIWelcome to the forum and hope you enjoy your time with us.Certainly your age is not an issue as long as we can show sufficient serviceability.I have had a 20 Year term approved this morning for a 60 year old but they had sufficient superannuation to take them past 65 and did not have to rely on selling their PPOR in order to cover the loan…[Read more]

Hi LukeI am trying to finance a property for a forum client in the same building and whilst this client has good income / assets etc the valuation is ugly in the terms of the lease conditions.I would suggest you run a mile from this property even if you are paying cash.On a separate note i would always suggest some form of gearing and in most…[Read more]