Nope sorry lolCheersYours in Finance

Hi both No sorry i dont know anyone up here i would recommend.I think it all depends many accountants would know how to structure a loan to save their skin so maybe not necessary as a first port of call. Alos if you are only looking at buying the initial house might be an expensive overkill first up.Loan structure is probably just as if not more…[Read more]

Hi JacCould respond off line but hey what the hell.Have you tried Aviva (used to be Norwich Union back in blighty)As long as you are not a deep sea diver or race formula 4 at the weekends (and i know you dont) are very competitive.CheersYours in Finance

Hi AjOk that makes a little more sense.When you said you were looking at purchasing an IP i assumed that the interest would be Tax deductible.In answer to your question Yes NAB credit scores all of its deals and that can be a good and a bad thing depending on a few things.In saying all of this i still think there is a few things i would look at…[Read more]

Hi both Cant recommend anyone in Brissie but if you are prepared to look at the Gold Coast certainly can recommend someone.Drop me a line if you are interested in his details and i can send them over.I am based in Western Suburbs of Brisbane and have used the same Accountant for the last 14 years. Only meet up once or twice a year but well worth…[Read more]

Hi AJYes the documentation will show both securities under each loan.Why would you look to fund the 20% deposit yourself and not use gearing when you have a PPOR debt.Structuring it correctly will give you the best of both worlds / maximising your Tax deductions as well reduce the interest on your non deductible debt. If the deal is Credit s…[Read more]

Hi karlmCouple of lenders out there offering good base rate products with no fees and a 100% offset account again with no fees.CheersYours in Finance

Sorry i hate to say Kjun that is simply not correct.can get a traditional lender to finance because equity will be over 80% and with rental history, they see me as a secure candidate – good on em!Under NCCP your rental history and your loan to value have little bearing on your ability to service the loan and will not get you over the line. I am…[Read more]

AJ hate to say i dont think you will have any success with NAB wanting to go to 1% discount.They will wheel out the line that they have the lowest standard variable rate and cant do much better than that.In regards to CBA as Jamie has pointed out 1% is par for the course however they will want to X collaterlise all 3 loans which in the current…[Read more]

Hi JmSorry i think you have totally missed the point on Foreign Currency lending.Firstly you will never find any smaller US Banking lender lend in Australia so would even waste time on that one. They dont even have enough funds to make loans in their own Country so outside US in out of the question for a variety of other reasons including…[Read more]

Jamie i was hearing from 2013 you will need to qualify for a knighthood to still hold your license.In fact Sir Taylor has a nice ring to it.It is really a joke and you are so right.In between writing 101 loans you need to have time to keep upto date with the industry, carry out a mountain of complaince and then just when that is almost over need t…[Read more]

Hi wadeWithout being funny it is like saying if i roll this dice what number will it land on.Life, Trauma and PD have so many variants that you need a specialist Financlal Planner to run the numbers for you.If you were a bridge builder on the Sydney Harbour Bridge then the premiums with Aviva will be different to that of Colonial or if you said at…[Read more]

Obviously construction costs will vary from State to State and City to City but when you realise the average project Builder is working on around $750 / Sq M for a box then even if you allowed say $1200 / Sq M for a Townhouse you wont be a million miles away.Even if they were 3 bedoom and were 100 Sq M then you are probablt taking about $120K each…[Read more]

Yes Jamie get in and do it by Nov 22 to get the Prior Learning exemption on those extra subjects.CheersYours in Finance

Definately and Wesuck are not one of them.CheersYours in Finance

Which Bank ?CheersYours in Finance

No not all lenders will allow this irrespective of the lvr.CheersYours in Finance

Hey Wayne Give the boy a chance.Us Brokers are flat chat at the moment dealing with a flood of Compliance paperwork, daily battle with lenders and even the odd new deal or two.Michael is usually well on the ball and maybe he has just let that email slip.Shoot him another note and i am sure he will email over his Client Analysis Form.CheersYours in Finance

No not a spam at all (in the main of course cant comment about the Brokers promoting it).St George Bank used to offer such a product in the good olde days but withdrew it a couple of years ago.If you are earning in that particular currency and understand the currency risk if you need to transfer funds back to Oz then the product could suit you.…[Read more]

All depend on 101 things – Initial lvr (if mortgage insured gets a lot harder) / sales evidence etc etc etcWe have done it for clients fairly regularly and often works best where the initial lender does an in house valuation and then the borrower is happy to pay for a full valuation from a panel valuer.Course sometimes borrowers gets disappointed…[Read more]