Keiko, guess Gail Kelly at Westpac didnt take advice from your post as they went up the same as everyone else.

Keiko, guess Gail Kelly at Westpac didnt take advice from your post as they went up the same as everyone else.

Suggest Hertiage BS depending on where you are based.

Suggest Hertiage BS depending on where you are based.

PaddyDont entirely agree with your anologyThere really is no difference between LOE or LOCF except that with LOE you are moving closer to the line of creating more debt than wealth.I think there is a big difference. With LOCF your rents exceed your interest repayment, rates, insurance and all other imaginable costs and still add to the bottom line…[Read more]

Need to watch the old fire ants in Forest Lake and the termite problems so get yourself a good B & P Inspection and go through with it with a fine tooth comb.Have lots of clients in both and dont have a preference.Let us know if you want a Residex report run on any particular property.

Save paperwork and lock you in so it is hard to leave.

NAB own Yorkshire Bank and Clydesdale in the UK however operate them totally independantly.Why not try someone like John Charcoal.

Agree with Terry Interest is dedcutible on the basis that you invested in the expectation that you will receive a Capital Gain.NWS is a particular stock that is very popular as a Margin loan share but rarily pays a dividend being a growth stock. Certainly anyone borrowing to invest in such a share would expect the interest to be Tax deductible.

Yes there are a few that will go to 90% but they charge a risk fee or similar to compensate for the lack of LMI.

To throw in my 6 pence worth i actually phoned the local branch of each of the big 5 banks this morning to be told:1) 4 out of the 5 told me that a formal application would still be required and I would need to come in with my income.     Even as a customer i would need to verify income esepcially being self employed or employed and my pay wen…[Read more]

Hi StockoYes structure the loans correctly and maybe switch both loans to Interest only. Link an offset account to the PPOR loan and put all of your income into this account.Dont whatever you do cross collateralise the 2 securities otherwise you will have issues in the future.Use the equity in your IP rather than PPOR to acess for further…[Read more]

Last thing you would want is to resign and walk away as a Director only to get a call some years later that the Company could not settle its Debts and the Guarantee in favour of the Bank was still valid.I certainly would be getting the loan refinanced or something clear from the lenders legal department to confirm that your Guarantee was released in full.

Ryan it was an element of sarcasm. Opening post and all he has done is come here and promote someones (could he really be his Company or is an employee of the Company) services.I ask you the one and only contribution.

Hi TalisYes the interest pre-paid where the funds have been used for investment would be Tax deductible in the financial year in which the interest was paid. I.e before June 30 this year could be claimed this year.Not so easy to access the equity upfront however with a good structure then no reason why what you want to achieve cannot be done.Using…[Read more]

Hi LindaA combination of equity structures and debt recyling in the mid term is the way to go forward.I assume neither if your current IP's are cross collateralised as if so this could stop you in your tracks quicker than you think.Takes time admitedly but can be done.

With Business Income you will need 2 Years Tax returns before it will be considered by most lenders.Terry has already pointed out that lenders wont lend where they knowingly are aware of the presence of  Vendor Finance. (This is of course unless you get approval at National Credit level and can show it is part of an overall Business income strategy).

RyanAll lenders have a slightly different serviceability model so it is a matter of a getting a general overview.Often serviceability can increase if the loan is structured correctly.I wouldnt give up unless you have exhausted all sources.

How creative, where is the location, security etc.Need more info.

Not if it is done by way of Rapid Refinance using Title Insurance they wont even know about it until it has happened.