Yes there is but you need to have excellent credit & employment history and genuine savings for the balance.

Realistically even at a $300K purchase price you would probably need to have saved a minimum of $20K + FHOG (Maybe more depending in which State you are buying and whether there is any First Home Buyer Concession on the Stamp Duty).Lenders will want to see this saved over a minimum of 3 months.Alternative would be to look at getting your parents…[Read more]

At 65% + it is 6.55% (CAR) so take your choice.

Yes funny you say that I hear so many clients tell me their Broker seemed to have his own agenda and wasnt particularly interested in assisting them.Mortgage Brokers are remunerated by the lender with whom they place you loan business with and their service comes at no cost to the client. A Broker has access to 101 lenders and can therefore…[Read more]

A bit of additional information would be needed but based on the information to hand she seems to have sufficient income with a couple of lenders i can think of.Dont think selling the PPOR is necessary although have the loans all crossed doesnt help when one lender says NO.Sounds like she needs a bit of restucturing not only on the loan type but…[Read more]

AmboshYes was a for a British citizen who purchased in Texas.Max 60% lvr.

GOMYes the NAB Product is only available thru FAST, Plan and Choice Brokers.

Banker wasnt refering to TCU.NAB Advantage rate with no applic / valuation or any ongoing fees is 6.55% or 6.45% less than 65% lvr. 

BristowSounds to me like you need a structured mortgage broker rather than a Financial Planner as you appear to be looking for loan advice.

Just because the majority agree for capital expenditure you cannot enforce such expenditure unless lot owners agree,

You can stil get 6.45% (post May rate increase) with No application / valuation / lenders legals fees.No monthly or any ongoing fees.

GP marginally more dont think so… not in Qld anyway.In Qld you can work on nearly 2.5 x what it would be for an owner occupied property.Stamp Duty is added to the Cost Base when calculating CGT.

BinYes it is a myth but yes you can there are the odd lender left who will lend to a Unit Trust.

Hi MawsHate to say constructing 5 Townhouses as you first project is not going to be easy even if you do have approval to do so.Equity and the ability to repay the loan will be important but as always additional information would be required to assess the deal and analysis whether it could be viably funded.

Have both of you considered a second valuation with an alternative lender ?Other than this raising a deposit thru a personal loan maybe an option but not easy these days.Vendor finance for the deposit is fairly unlikely as most sellers wouldnt understand or be prepared to take on the deal.

The current rate with Pepper is not attractive and certainly would suggest going that route.You wont get finance with any of the majors unfortunately at normal rates although oen of the majors does have a non conforming arm which may look at the deal.At a 90% lvr i think the deal would be doable with a non bank lender at sensible rates.

Unfortunately Suncorp do not do lodoc for day traders as it is deemed too high risk.

RichardClosed a deal last week for a UK Citizen / Resident in Lancs at 5.82% fixed for 30 years. Only available on purchase and single family dwellings. Have another couple of deals going into today but no indication rates have changed. 

Richard

Residential.

Normal full doc loan plus 4 independant Trade references.