Hi MarjacAgain hate to disagree.This week alone we have done a top up for a forum member with his existing Big 4 Bank which was in joint names where the property is in 1 name only. The Bank originally declined the deal when the client went direct but then approached us and we ended up putting in a strong submission to credit which they a…[Read more]

Hi JodieYes from the sounds of it the loans are x collateralised so like anything not a problem until you have a problem and then regretfully it is too late.To be honest might take a while but i would strongly suggest you look to untangle the security mess before going further.You want to access the equity from your PPOR but dont want to have the…[Read more]

Adding to Derek's comments above they maybe better off not buying in personal names at all and looking at Buying In Trust.The decision will be based around the property and the returns / losses it generarates both now and in the future and also their own personal financial position. Many a client buys in a negatively geared property in Trust…[Read more]

Giant You mention you are looking for Basic rate loan and mention you are with CBA. IMO you could do better.Other than that dont have a great deal else to offer as the options seem to have been well covered by Luke and others.CheersYours in Finance

Hi DaewooFirstly welcome to the forum and I hope you enjoy your time with is.I would question your motive for wanting to buy a property being to reduce your Tax liability as there are many other ways to do this subject to your own circumstances.In saying this if you do decide to proceed with an investment purchase make sure you look at all of the…[Read more]

No Angel he isnt offering finance at all but is seeking investment (3rd para).Big difference as far as ASIC are concerned.CheersYours in Finance

Dont want to put a dampner on your enthusiasm but you might find you either need to be Licensed to accept a fee for introducing a deal to a investor (This will vary from State to State) or be required to compy with the Managed Investment Act.Not that easy these days.CheersYours in Finance

RyanThere are a few lenders that meet your criteria as long as you meet there's.CheersYours in Finance

NSW not going to comment on MH per say but i do have a view. If you wanted someone local to assist you I would have suggested Jamie M who has answered your post and has more than a few testimonals. More importantly he knows his onions.CheersYours in Finance

NSW at 6.97% the NAB product comes with a $395 / Annum package fee.Dont mind the product at all and use it regularly for clients.CheersYours in Finance

Nothing to stop her becoming a co borrower and as long as their is some financial benefit that will be ok.Good luck on a Cashbond to increase serviceability.CheersYours in Finance 

Hate to say Redrooster but Bank West will not allow Non Genuine savings on a 95% lend.Also gifted deposit from a Builder is totally non acceptable under NCCP. CheersYours in Finance

Thanks Alex great first post of endorcement.CheersYours in Finance

When you purchase a multi unit dwelling some lenders will want to charge you Commercial rates of interest and set up costs because they do not deem the loan as a residential loan.For many lenders a maximum of 2 units on the same Title is the max they will accept wheareas for other they will go upto 8.There is a big difference if you can save…[Read more]

With the Adelaide Bank fixed rate loan with 100% offset there is no maximum you can place in the offset account and with the AMP loan all you would do is split the loan so that the variable portion was > $10,000 so that you could deposit as much as you like in the savings account. Dont get confused over the maximum loan reduction you can make…[Read more]

3 x 2 on a single Title believe it or not may not be treated as a residential deal with a lot of lenders (Many cap the loan at 2 units on a single Title).Variance in funding costs and set up fees will have an effect on the bottow line so make sure your Broker is experienced in dealing with multi unit dwellings.CheersYours in Finance

Hi AmyFirstly welcome to the forum and I hope you enjoy your time with us.Hate to say unless your Accountant holds a Credit License or is an Authorised Representative of a License Holder under NCCP he wont be able to offer you any Credit advice.You are right there are a myriad of loans and offers out there however you need to focus on actually…[Read more]

Without going through points 1-7 i will comment on a couple.Point 3) The loan should be changed to interest only. Ideally it would have a 100% offset account attached to it although this i understand is not possible (unless you have other non deductible debt) so maybe have the rent paid into a high interest bearing account. Do not have it paid d…[Read more]

Absolute pleasure NSW2011.There are a couple of other alternative lenders you might look at also but i am assuming you are happy with a variable rate with 100% offset over a fixed rate. Other options which come to mind are AMP (no monthly fees at all on their 100% fully transactional offset account with flexibility to fix a percentage of the loan…[Read more]

Dont mind the product at all and if you can get the deal over the line at Credit level then think it is good alternative.Just make sure you give your MB plenty of time when it comes to approval and settlement and dont waste time on a pre-approval as with Bank West they are not worth the paper they are written.For an offset account $3.99 / month is…[Read more]