Certainly worked with an excellent Buyers Agent that covers Sydney, Central Coast and Newcastle who is also a forum member so let us know if you want his details.

As Greg mentioned i also done a 95% lvr for a FTB in Mt Isa who had 1 default and took some doing but we got it over the line and has settled now. Many of the lenders are back to 90% max.Had a couple of 95% approved recently for existing Westpac clients but as Banker mentioned not easy meat.

Banker just had a deal declined by CBA as they said they had too high a concentration of current lending in the Town.Thankfully NAB swallowed it up.Getting a real problem in the Qld regional towns.

I think at 95% lvr + LMI in Mt Isa you have buckleys given your potential Credit score and unsecured liabilities.I would focus on discharging these first as it will improve no end your chances.

If you feel the Agent is negligent in regards to the serving of the appropriate Form 12 or 13 i would be looking to the REIQ as a place to start for compensation.

For Oxenford i prefer Herriots.Accepted by quite a few lenders as well,

Yes there would be but they would secured against other properties.You would still be 100% geared.

At under 65% you can get less than 6.49% but is interest rate everything. 

Frugal OneNo not too good to be true at all.In fact as long as you have the equity and serviceability you could use property 1 as security for all loans as long as the lvr is less than 80 -90%.Whether you would or not is a different matter.

Yes totally achievable but whether you can find a Vendor to consider taking a 2nd mortgage is a different matter.I assume you can cover your acqusition costs.

Bernard At the moment probably around 11.5% Regretfully at the moment there are limit lenders who will refinance lodoc so you need to be prepared to be in for the long hall. Lodoc 80 is a different matter.

Which part of the Coast?

I am getting more confused by the minute with this question.If you win lotto on the eve of the Settlement and never have to work again as long as the Title is in your name and you comply with all of the other requirements there is no reason why you would not qualify for the FHOG.It is not Asset related or indeed income tested so whether you are…[Read more]

GregASIC wont need to audit every Broker as this responsibility is being taken by the License Holder.If you are a Credit Representative you can expect regular Audits from the Licensee as his / her neck is on the line.Certainly my Aggregator is offering this option however i understand that many are leaving Brokers in limbo to plough the…[Read more]

Hi TerryVery good question. I  get many referals from one of the Major Banks asking me to go and provide the client with a Financial Advice Statement in relation to their Reverse Mortgage.I think come July 1 this style of loan would certainly have to come into question as the clients PPOR is definately at risk and this is the backbone of the Re…[Read more]

Or post July 1 No lender is going to lend you money where you cannot demonstrate you have sufficient income to service the debt.

From what you have indicated i cannot see any reason why your application would not be approved.There is no stipulation on how the loan if required is funded in order to qualify.If you paid cash for the property you are still entitled to receive the Grant.Sounds to me like a quick call to the OSR would get to the bottom of it.Your Broker, Banker…[Read more]

Yes.

Banker, Yes you are correct that ASIC are still reviewing the referrer regulations but after attending a seminar held by them in Brisbane last Tuesday the advice at this stage is not to take referrered business unless the referrer does so in writing to the customer effective July 1.I am totally in favour of the NCC rules changes although must…[Read more]

Yep they would indeed need to hold a Credit License post July 1. Interesting that even referers of business need to be licensed. The local Real Estate agent tells Mrs Smith he knows a really good fella to help her with her finance he will need to be Licensed.