Sep sorry old mate today has been one of those days with the number of loan enquiries, calls and emails at a record levelI think the issue is lenders are decliningg more deals than ever before so havent had chance to get  to the forum questions until now. Jamie has hit the nail on the head.It all boils down to the purpose of the funds with len…[Read more]

Hi BenRegretfully not. The Grant is only available to 1 of you so if you were to purchase a property you partner is unable to purchase separately and still qualify. Now depending on which State you are in the Stamp Duty concession maybe different.CheersYours in Finance

Hi VNo it would be the way forward and should have been set up like this from day 1.Just make sure that your offset account is a true 100% offset account and not a typical quazi offset account or you may have issues down the track if you ever rented out your own PPOR.CheersYours in Finance

Sandtracker, Are the loans cross collateralised i.e did you use the security of your PPOR to purchase the IP. If so then the fact that the IP has fallen in value will erode your equity and may mean that you financier will not allow further borrowing.It is a lot cleaner and easier (you situation is a typical casient scenario) to keep them…[Read more]

Sorry J but that is not quiet correctThe FHOG only applies if the parties (including a partner) havent entered into the property market before.You can certainly enter the property market and acquire an Investment property and still claim the FHOG.The reason Aloha's partner would not qualify is that Aloha has purchased an owner occupied property…[Read more]

Hi TrebSorry i think you misunderstood my comment.What i was saying was i can think of a major lender who would have done the deal from day 1 at a sensible rate of interest and they are not a lender of last resort but with 6 credit entries on the credit file they would not consider it.CheersYours in Finance

MartyBeen there tried them and they said NO.CheersYours in Finance

Hi AlohaNo unfortunately he/ she is unable to claim the Grant as you have already owned a property.Sandtracker – You situation sounds like a bit of a mortgage mess no doubt created by your Bank.It is difficult to comment without knowing any of the real details but more often than not there is always a way. CheersYours in Finance

Hi SaurinYes i think you have just about nailed it.To minimise cash flow might want to chose a lender that will allow you to capitalise the LMI.CheersYours in Finance

Hi FerdinandOk if the property is your 1st home then I understand you want to apply for the FHOG & SD Concession.Dont forget the terms of the Grant state that you need to occupy the property for 6 continous months in the first 12 months so nothing to stop you renting the place before you move in. In many cases the property couldnt have an existing…[Read more]

You could do Dean but the securities would then be cross collateralised.CheersYours in Finance

Regretfully your partner wont be able to buy and claim the FHOG as you have already claimed it.From what you are saying this project could the first of many so i think you need to be make sure it is structured correctly.I wouldn't use your PPOR as security for the next deal but look to take out a LOC and maybe lend the funds to the Trust or…[Read more]

You would only qualify for a lodoc loan if you hold an ABN which normally means you are carrying on a business.PAYG Lodoc is a thing of the past.In saying this i am unsure why you need to go lodoc. Why would you not buy the property as an investment property prior to moving and use the potential rent to justify the repayment serviceability. …[Read more]

Will relate to the Stamp Duty concession in Qld.Simply if it is your first purchase and an owner occupied property you wont pay stamp duty if the consideration price is less than $500,000. Anything over this will be paid at a reduced scale compared to a normal owner occupied purchase or investment acqusition.CheersYours in Finance

Sure Tiffany please do. Just make the spelling is correct – see below.CheersYours in Finance

StaceyWhat is your view on the appropriateness of a discretionary trust for a single investor/beneficiary Very simply circumstances change.You may get married, have children, divorced or invoved in a professional or occupation where you feel that you need to protect your assets.Sometimes some careful initial planning can save you thousands down…[Read more]

Sorry for the delay in coming back to you the number of applications and enquiries today has been ridicolous.You wont fund it through a traditional lender and as Duckster as indicated will purely be a non conforming or private lender.I have just done one in Melbourne at 60% but it was done at 9.75% thru private money so certainly not…[Read more]

First Name – RichardLive – Chapel Hill, BrisbaneStarted buying the odd property or two in the mid 90's and now have a couple …………….Enjoy helping people with their finance in order to achieve their property investment dreams. Personal goal when i came out of premature retirement was to make 100 property millionaires which i did.Now want…[Read more]

Totally agree with Terry.Try one of the smaller credit unions as they would certainly be included to look at a deal especially where you were giving them security by way of the home.CheersYours in Finance

If you have you own ABN because of your Stock Market trading you would probably qualify immediately for a loan on a limited document basis.The length of period you have held your ABN will aid the situation as it increases the number of lending options.If you have held shares with a constant dividend record for 2 years this will also mean this…[Read more]