Hi LukeyThere are a few considerations and obviously selling one or both properties maybe one of them. I would however suggest you may wish to sell in your time when the market is favourable so a bridging loan facility might be the best way to go. There are a couple of options here but i see from you original post it appears that your existing l…[Read more]

Nigel has a long track record of making money for investors both here and the US in both residential / commercial property so you wouldnt go far wrong in talking to him to start wiith.CheersYours in Finance

Hi MillietI am assuming you are looking to buy, renovate and then potential sell or access the equity.I have many clients who have limited equity who i have referred to Nigel and who have subsequently invested in one of his developments and made a lot more money than they woould have done by buying an IP with high entry costs.Once you have your…[Read more]

As a volume producer we may get more beneficial terms than other brokers but as an example did a 95% lvr for a forum member with Anz this week at a purchase price of $685K in  Pty Ltd structure.We are directly accredited with the Bank so couldnt quote their standard terms thru an Aggregator.Wesuck i understand dont like doing them but NAB are…[Read more]

Duplicated postCheersYours in Finance

Hi anandSorry i have never heard so much rubbish in all my 25 years of being a Broker.Neither of the main mortgage insurers have any problems in providing in cover where the applicant is a Pty Ltd Company ATF a Trust structure so i am unsure where you get our information from. Also upto 95% lvr is available thru the normal residential d…[Read more]

Hi AnanndIf you are an investor who goes for LMI all the time, a purchase under company/ trust structure may not be possible. Why would this be?CheersYours in Finance

Not aware of too many investors who spend more than £2M on a property.The increased Stamp Duty was for properties more than £1M but the big increase kicked in $1M later.Other crackdown was for Jersey & Channel Island companies.Really no big deal considering our last development the properties went for $43,000 Max with 85% lvr a…[Read more]

You will not find an Australian lender take a UK property as security so you can forget that route.Selected UK lenders will look at Buy To Let (Our version of Investment properties) loans.Stamp Duty is exempt for properties upto 125,000 pounds and then it is a graduated scale.Ran a very succesfull property scouting trip for 4 months there last…[Read more]

Py your calculations on serviceability and the mortgage insurers are two different matters.CheersYours in Finance

At 95% there are no lenient lenders or mortgage insurers trust me.With most it will depend on your credit score as to whether you qualify and this can be determined by a number of factors.If the property is investment and you want an IO loan there are other factors to consider.With any hard data it is impossible to assess further.CheersYours in Finance

SamAny reason why you wouldnt purchased them in a DFT?CheersYours in Finance

Hi KimThe answer is simple = NO.CheersYours in Finance

Even under Labour the First Time Buyers Stamp Duty concession on properties less than 500K was never removed.CheersYours in Finance

Possibly Eddy but certainly good news for home owners.CheersYours in Finance

Given that Campbell has agreed to drop the Stamp Duty for PPOR properties to allow for an owner occupied concession i think the chances are slim.CheersYours in Finance

Yes agreed Terry.CheersYours in Finance

I agree with Terry i cannot see how Victoria brother could ever be a Director in his current state of health.No lender would ever consider such a loan.Yes i do think a SDT is possible Terry but not convinced that would necessarily be the way to go.If Victoria buys in her own name and being her first purchase she will get both the FHOG and S/D…[Read more]

Is ACT really across the border.Often quicker to go from parts of Sydney to Canberra than across the City itself.Either way when most applications are lodged electronically and documentation done by email etc these days your Mortgage Broker could be anywhere.CheersYours in Finance

Hi VictoriaWelcome to the forum and i hope you enjoy your time with us.Terry has made some excellent points in regards to the set up considerations.In relation to the finacing perspective i dont believe you would find any lender agree to such a proposition on the basis you have outlined. Most lenders would want you to be a co-borrow rather than a…[Read more]