I for one petition Daniel to take over the reigns again.

A registered mortgage will suit his needs then.

Hi AmyFirstly welcome to the forum and I hope you enjoy your time with us.Structure in regards to the loan set up and entity used to purchase is probably the most common question we get asked from clients and to be honest there is no shoe fits all approach.There are so many variable it is not funny.I must admit i own all of our properties in a…[Read more]

Welcome back Jaffa just when i was just telling the world you had gone.Amount of Spam seems to have increased 10 x since you switched faces.Are you back as a Mod ?

Mortgage registration, Transfer, conveyancing costs relating to the mortgage only as well as application, valuation, LMI etc are all considered loan costs and deductible over 5 years or the term of the loan whichever is lesser.

Hi EricAny structuring ideas are probably a bit late now if you have already bought the first property.Personally i always like to have the Title held as Tenants in Common even if you as the lower marginal Tax payer only has 1% of the shares in the property. If circumstances change down the track i.e your wife gives up work or reduces her income…[Read more]

Exactly JJ.You personally take out the LOC and then lend these funds to the Trust.Keep the securities separate especially if you are not the sole Trustee.

Do it by way of a registered mortgage unless you want to put him on the Title and if you do that could cause an issue if he is not a Citizen / Resident.

There might not be an issue but no-one in their right mind would do so.there is no problem using equity in one property held in your own name to secure a loan held in a trust's name.

Hi and welcome to the forum.You say We so i assume that the property is Jointly owned.Have you considered one party purchasing the property from the other increasing the borrowing accordingly and then renting the property out. This will increase your Tax deductible interest and give you surplus funds to use as deposit for the next PPOR.Stamp duty…[Read more]

They thankfully pulled out of the Broker market about 3 years ago when they sold their loan book to First Mac.Service levels were a disgrace so First Mac had to kick them into some shape.You might start your home loan with HSBC but if they have a change of heart you might end up with someone else.

Yes with AB it is plus LMI.

Simple one to answer NO lenders would not accept it.

Terry similar to the Adelaide Bank product which has been out for some months.95% Lvr plus secured and unsecured visa. Very responsible lending in my opinion.

Alex it had my photo in it so i believe they took it off the shelves in case it frightened young children lol.Every week is a good week just some are better than others.

What a Bank does or tells you is useless to you unless you are holding it.Get yourself your own registered valuation.

KatMortgage managers and non bank lenders dont offer offset accounts in the true sense of the word they offer loan redraw accounts which is completely different especially when it comes to Tax time.

Hi AndrewAbsolutely amazing the answers you get from some Bankers.I assure there is NO CGT liability in assessing the equity in your IP.This would only be triggered in the event that the property was sold or transferred.

Oh yes indeed i know the property.Must admit used to own half of MM at one stage in the game.

You have lost me there. I am not selling any of my MM properties not through traditional ways anyway.Did a couple of subdivisions up there. Which Street is the property in?