When Evolve has answered the question then ask how many lenders will lend to such a structure.Off the top of my head i am only aware of 3 and non of these offer attractive products.

0.9% Discount for partners in the legal profession where the loan is $499K +.No applic or annual fee.LOC at same rate.

Only thing AMP going for them is that in certaint Professions they have an excellent Executive package and also a very aggresive serviceability model especially for investors. 

Hi Sharif80% for a Non Resident is available but he will need evidence of income to support the serviceability.

True Matt but many will fall over on Credit scoring.

All depends on what you are after?

I agree with Banker the email arrived last week i took a look at it and then filed it accordingly thinking well nothing new there.Admitedly the rate is par for the course and i do like Adelaide Bank for a lot of other reasons but just couldnt convince myself it will set the world alight.

Hi ScottyGrab a copy of July 2010 API magazine and you can read about how i got started.

Bit more to it than a simple Yes / No.Does she own the Unit solely?As SNM has mentioned depending on the numbers she could look at selling the unit into a Unit Trust. Then borrow 100% of the market value plus costs and the entire loan would become deductible. There are some costs associated in the transaction but depending on the value of both the…[Read more]

Also remember under NCCP servicing calculators are almost a thing of the past.

LOC = Line of Credit

Hi MavAssuming you meet the conditions of the FHOG there is no dramas in taking a loan from your sister as long as she is not a party to the Title.You can borrow funds for deposit on the security of a motorbike or any other asset as how you borrow the funds has no bearing on the qualification for the FHOG. If you pay cash for the property then you…[Read more]

When you redraw from the home loan the interest will not be Tax deductible unless the original purpose of the loan was for investment.

Whereabouts is the block located?

Surely tell me this is not the reason he has suggested you remove the offset account it reduces our tax deductible expenses.If so i think i would be finding myself a new Accountant, Mortgage Broker & Finance Consultant and every other hat he wears.Next thing he will be suggesting you should look for properties that are negatively geared so you c…[Read more]

One of the cons is how do you finance them and if so to what lvr.

SolomanNot sure who you Bank with but $325 per annum is expensive for a LOC unless they are giving you an exceptionally discounted interest rate in exchange for it.Sorry Dazz i couldnt understand the thread of your post in relation to adding the purchase costs to the second loan. If you care to explain what you are asking we can answer the…[Read more]

Hi GbalfWhich part of the UK. Boy from the South myself so give my regards to blighty.Yes your husband could purchase your share of the property whilst it is a PPOR and then the interest on the amount he raised would be deductible. Admitedly would only be 50% of the current value but better than nothing.As i say depending on where the property is…[Read more]

GE pulled out of the Australian lending market about 18 months ago so i guess if they price themselves out of existance they are encouraging you to leave them.Interest rate tinkering is a tool used by all lenders depending on where there are in their desire to win market share.Look at Westpac's standard variable rate and you will see what i mean.

Not sure where Ductster heard that as NAB are certainly not a lender who will lend without a Fixed Price Contract.