Nothing wrong with Loan Avenue as they are merely a mortgage manager acting on behalf of a number of lenders such as Adelaide Bank, Advantedge etc etc.

Becoming a Bank doesn’t put you in the “safe as a basket” category just ask the borrowers of RBS or Northern Rock to name a couple.

As Jamie mentioned you are borrowing money from them not the…[Read more]

Hi Dean

Not quite correct.

SGB have limited the lvr to 70% on a purchase and a few currency restrictions but still doable as an expat.

Downside is you cannot access equity so your portfolio loan becomes restrictive.

Don’t worry they are not alone.

Just another interesting week in lending.

Cheers

Yours in Finance

Hi Dean

Not quite correct.

SGB have limited the lvr to 70% on a purchase and a few currency restrictions but still doable as an expat.

Downside is you cannot access equity so your portfolio loan becomes restrictive.

Don’t worry they are not alone.

Cheers

Yours in Finance

Hi angelic

Hate to say it might be worse than just fireproofing it.

If the Council doesn’t allow granny flats you may well receive a “Show Cause Notice” and be fined accordingly.

Even if approved you maybe restricted as to who can occupy the property i.e related member of the household from the primary residence.

Personally I would ask why you…[Read more]

Hi angelic

Hate to say it might be worse than just fireproofing it.

If the Council doesn’t allow granny flats you may well receive a “Show Cause Notice” and be fined accordingly.

Even if approved you maybe restricted as to who can occupy the property i.e related member of the household from the primary residence.

Personnally I would ask why…[Read more]

Hi RYF

Shoot me an email and I can send you our Turbo charge your Property Portfolio PDF as well as an API article I did on retiring and living off rental income.

Unless the debts are paid down you will be relying on the rents increasing to provide an income to live off and 3 certainly won’t be enough.

It is not the number of properties that…[Read more]

Totally agree with Jamie.

Usually a matter of a client explaining what he wants to achieve and us providing advice why the recommendation suits his requirements.

Trouble is in the current climate what you give a client on a Friday might change on the Monday.

Cheers

Yours in Finance

Pay down your PPOR loan by $110K from your offset savings and then set up a separate sub loan. (Do not use a redraw facility).

Just bear in mind you will still need consent from your IP lender to construct the granny flat even if they are not funding it.

Cheers

Yours in Finance

Pay down your PPOR loan by $110K from your offset savings and then set up a separate sub loan. (Do not use a redraw facility).

Just bear in mind you will still need consent from your IP lender to construct the granny flat even if they are not funding it.

Cheers

Yours in Finance

Hi Hullo

No hate to say as a consumer a lender will not publish a copy of their Credit Policy which sets out all of the internal lending parametres.

Each lender has it’s own policy so there is no 1 lender fits all.

Cheers

Yours in Finance

Yes and she would also pay Stamp Duty on the market value rather the actual amount paid.

Cheers

Yours in Finance

Certainly is and number of enquiries we are getting for both German and French mortgages is starting to increase.

Lower Euro rates and strength of the AUD is helping.

Cheers

Yours in Finance

Depreciation and Capital Allowance claim would still be available to you.

Let us know how you go with Xenia.

Let her i said Hi.

Cheers

Yours in Finance

Hi Liam

If you want an opinion on the rental estimate let me know and I can shoot you over the details of the firm we deal with and refer all of our clients too.

Big enough to have some clout in the market yet small enough to still care and have that personal touch.

Sent them 30 or so clients this year alone and all seem extremely…[Read more]

Thanks Jamie appreciate the wrap.

Yes own a property or 5 myself in Brissie so like to think I have done alright for myself.

Cheers

Yours in Finance

Hi RTF

Welcome to the forum and i hope you enjoy your time with us.

I have to say it is unusual for a Buyers Agent to based in NSW and yet be recommending property here in Brisbane.

For that reason I have a feeling they are acting as a property marketer rather than a BA and are recommending to you new property where they have been paid a…[Read more]

We cover Brisbane & Melbourne and charge $6000 + GST.

We don’t buy new property or receiver kick back’s from developers and find many clients like the fact that they are dealing with fellow investors.

Course if you decide to buy in Sydney then you might find a BA down there charges you a little more than this.

Cheers

Yours in Finance

Hi Nan

Financing a purchase inside your SMSF has certainly got a lot harder than it used due to the minimum balance / cash asset requirements.

Whilst still doable many lenders require you to have a minimum of 200K in the fund before they will look at the deal.

There are certainly no legal requirements as to what minimum balance you need to…[Read more]

Looking at the website i see they only recommend NEW property.

I wonder why !!!!!

Cheers

Yours in Finance