Doesnt have anything to do with the lender NCCP would prevent any lender from lending based on the fact there is no guaranteed exit strategy within the next 24 months.CheersYours in Finance

No i believe the ones i mentioned will give you a higher rate.The Dragon = St George BankUbank = National Australia BankCheersYours in Finance

Yes depending on the State usually if you make it an IP in the first 12 months.CheersYours in Finance

Again i dont want to be a party pooper but Options B,C & D wont run through NCCP these days.CheersYours in Finance

Hi AngelNCCP may have changed lenders attitude on that i am afraid.CheersYours in Finance

Hi JakeThat is the case with the FHOG but not the Stamp Duty concession. Different in each State,CheersYours in Finance

Hi Squirrel Firstly welcome to the forum and I hope you enjoy your time with us.There are a few questions raised so let us begin and knocking them off one at a time.When you say "WE" own our PPOR I will assume you mean you and your partner / spouse etc.On this basis there are a couple of considerations depending on where the property is located:1)…[Read more]

Hi SykesFirstly welcome to the forum and I hope you enjoy your time with us.Obviously the focus will need to be on getting gainful employment once you finish your uni studies so that you can service a loan but assuming this can be achieved there is no reason why you cant purchase a property as your PPOR, qualify for the relevant Grant and…[Read more]

Hate to say i disagree with Angel about approaching a Financial Planner employed by a Bank as they are limited in what they can offer and are always biased towards the products they promote.Look for an independant Financial Planner who works on a Fee for Service basis rather than a commission only basis.CheersYours in Finance

Hi KrisAs long as you can show sufficient funds in your account in order to settle the deal there are certainly lenders who will look at such a deal.Both 90 & 95% lvr with Non genuine savings deal are available without any real interest rate loading.CheersYours in Finance

Might want to consider a Deposit Bond if the Seller will accpet it.CheersYours in Finance

Firstly welcome to the forum and I hope you enjoy your time with us.Without the balance of the information to hand it is difficult to provide an exact recommendation but just because the IP security was sold there should be no reason why you had to reduce the loan unless of course the loans were cross collateralised.Even there there should be a…[Read more]

Hi LukeUnfortunately the MISA offset account that CBA offer is not fully transactional so is probably not suitable for such a strategy however i agree with you interest only with 100% fully transactional offset is the way to go.CheersYours in Finance

Hi TristanFirstly welcome to the forum and I hope you enjoy your time with us.What you have to bear in mind that each lender has its own method of calculating serviceability and the variables that make up this formula are vast.Some lenders take your existing external liabilities at the rate you are paying the other lender whilst others work off a…[Read more]

Hi EamonI appreciate your concern but remember structured correctly you can still borrow 100% lvr when buying in a DFT it is just a matter of how you do it. Regretfully as you mention the losses cannot be cliamed but there are reasons why you would take the lvr to that level especially if you still have non deductible debt by way of a PPOR.i…[Read more]

Anthony both condacending and clearly inaccurate in many statements.Not sure where you are PB but in Qld you certainly do not need a PRIVATE registration fee payable to the OFT to be a developer. Anyway for stating it is not normally available publicly dont make me laugh.Oh well i guess another poster who will get to 3 posts and then disppear b…[Read more]

If you want to email me the actual street number and address i will send you back a Residex report on the property.Not guaranteed to be exact but might give you some good evidence to back up your due diligence.Good win by the Reds over night as well.CheersYours in Finance

Sorry i hate to disagree with Marjac but certainly the names on the Title and the loan can be totally different.As long as you can persuade your lender there is some Financial Benefit for your mother to be a co borrower or Guarantor there is NO need for her to be on the Title.They may suggest or insist that she gets independant legal…[Read more]

Be suprised Tesse due to the reduction in a FP client base and revenue income since 2008 many of them have applied for a ACL (Australian Credit License) to enable them to undertake finance activities. Still of course very much the minority.In saying that more and more are teaming up with accreditated mortgage brokers to provide a complete…[Read more]

Firstly welcome to the forum and I hope you enjoy your time with us.Buying with a friend or relative like any investment can have its up and downs.One thing you need to bear in mind is that irrespective of the amount you both individually put into the deal you are jointly and severally liable for the entire debt. This means because you put in an…[Read more]