batgirl in answer:1) This will depend on a couple of factors but would normally be paid on the top up amount or the new LMI less that already charged and paid..2) Yes and No depending on the lender and their current policy.3) Yes and No but would suggest it would be so it can clearly be identified.Personally I wouldnt use CBA for an investment…[Read more]

Henry regrefully just because Cannex or Infochoice show a lvr doesnt mean the lender will actually agree to do the deal at this lvr as many investors are finding out.In fact i would say from all the number of enquiries we receive the biggest issue is the investors existing lender will not go to a high enough lvr either thru lack of equity or s…[Read more]

Whilst this is the case with many lenders it doesnt mean the lender will actually do it.Already had Anz knock Dysart back to 90% max lvr.CheersYours in Finance

Firstly welcome to the forum and i hope you enjoy your time with us.If you dont intend to purchase a PPOR any time soon then i guess a P & I loan is ok however you have to consider that if you ever use the redraw you have contaminated the interest.Redraw = new loan and therefore boils down to the purchase of the funds.If this is not for investment…[Read more]

Totally agree with Terry.Most Bank employees have little or No knowledge of investment structures, loan planing etc.You find them giving out advice to clients yet they havent even paid off their home loan let alone purchased their 6th investment property.Ask youself will your Bank Manager hang around because you are his client or will he take the…[Read more]

Sure would that be Pete Chan or Pete Naylor !!!CheersYours in Finance

Hi DavidOk sounds like a fairly simple project.If my business partner who is a builder and does all of our Brissie developments wasnt so flat out we might even consider tendering on it ourselves.CheersYours in Finance

Nope hate to say doesnt matter structure you use a finacier will only lend to the entity that owns the Title and no one else unless of course the other party has separate assets they are prepared to put up as security.If you buy the land your JV partner cannot take out a construction loan on the property to fund in his / her / their n…[Read more]

Really Gapital Gains Tax free when you sell sounds like a cracker of an investment to me.Always double check with your Accountant as posts made and not reliable sources of Tax Advice.CheersYours in Finance

Jamie has pasted a useful tool in the Gemworth location guide but in realty this is merely a guide.We have done many a deal in the last few months in those areas at 90% lvr without much of an issue.Like anything depends on the strength of the overall application.CheersYours in Finance

You would be lucky to get 55% lvr on a block of 18 units in the middle of CBD capital city these days so out in regional NSW 80% is no chance.I own a block of 18 units here in Brisbane (4 x 2 + 14 x 1) and this day and age would probably only get 65% lvr.Thankfully i owe around $450K on them so not an issue.CheersYours in Finance

Might want to start by asking your Architect as most have a few Builders up there sleeve they can recommend.Most will probably want to see the BA before they provide you with a Fixed price quote (Your financier will insist on this in the current climate) but then you should be good to go.CheersYours in Finance

Hi DragonflyBeing a mortgage insured loan i think it is unlikely you will get 95% so realistically assume a max loan of 90%.Whether you can subdivide the land before you build will also influence the lvr as a lot of lenders dont like multiple units on the same title but all in all as long as the rest of the application is strong i think the deal…[Read more]

Are you only looking to buy in NSW Theresa or is this is where you are based ?CheersYours in Finance

Hi SonyaAs Jamie has mentioned Yes it is still possible but there are too many variables to give you a Yes or No answer immediately.I wish i had Jamie's faith that things are getting easier as to me the mortgage insurers are just as hard as they have ever been.Course if you own a property or two with a bit of equity it is always easier to finance…[Read more]

Oh Terry under NCPP being a Broker is like standing in a downpour without an umbrella.If the reems of paper work doesnt get you the ongoing compliance will.Thankfully finding and Broking European properties doesnt require so much time  / paper.CheersYours in Finance

Hi JamesNo that is not the case.I recently purchased an investment property in France which is one of the most stable countries in Europe and has the highest number of tourists for any Country in the world. Did this with 100% finance.I will be launching my new website shortly so will be able to reveal all.CheersYours in Finance

Agree with Terry nothing to stop you personally lending funds to the Bare Trust which undertakes the construction.Underaking a development is a bit out there and if considered as running a business or trading will be an issue but otherwise all good.Unfortunately you wont find any lender finance a Bare Trust in construction or indeed lend against…[Read more]

Hi ChrisMany employees work on Contract these days so as long as you are actually PAYG rather than self employed with many lenders it wont be an issue. If you have been in the same industry for the last couple of years also that will be easier.On the other hand you will need 5% genuine savings accrued over a minimum of 3 months so that may still…[Read more]

Hi EamonThat is a very good question.Must admit we did it the old fashioned way and that was from our savings or personal income.Alternatives these days are to look at using the raised funds to invest in areas / country's or vehicles where the net cash flow is constant or positive. We have just started a service due to the demand from clients…[Read more]