ZI would get the to lend you the deposit funds rather than use their property as security.Certainly a newer property will likely have increased Depreciation and Capital Allowance however may yield slightly less than an older property which has lesser Capital Growth.It is horses and whether you want cash flow or capital growth or a mix of both.

benqWouldn't refinance the loan merely take out a separate loan and therefore the interest and loan balance can be easily distinquished. And Yes she can use her property as security and take a loan against to lend to you.

Mike Bendigo do not require PG's.Settled one with them last week.

Hi BenSimple reason it wouldnt be allowed is that without any financial interest in the security it would be very difficult for a lender to enforce your girlfriend to pay a part of the loan. Each of you would treated as jointly severally liable for the entire debt yet only you would have anything to loose being the Title.Now on a separate front…[Read more]

Drop me a line or give me call be happy to meet up with you.General advice over a coffee means i dont have to charge you for it lol

Sure please do.

Possibly ……. to discuss what.Dont mean that sinically but as a FP myself find that many clients dont really want FP advice but something else.All boils down to whether we have to charge for the advice or whether it can be done with a coffee and chat. 

Hi BenMe thinks you are referring to a 3rd party mortgage where the Title owner and the loan names vary.You wont find in the current climate that would be acceptable and to be honest the arrangement you have described would not have been acceptable anyway.Nothing to stop someone gifting you a deposit though and you buying the property in your own…[Read more]

Hi SmouleFirstly welcome to the forum and I hope you enjoy your time with us.Whilst i wont comment directly on what you should do with your funds I personally would be looking at buying somewhere in Brissie for investment and then gear to an 80% lend placing the balance of the money in a 100% offset account.I certainly wouldnt be using more than…[Read more]

Hi MotivatedSorry to hear the hassles you are having.To be perfectly honest it doesnt sound to me like your Mortgage Broker has done you any favours for a couple of reasons:1) You say you could have gone either Full Doc or Lodoc. Your MB should have explained to you that a lodoc loan over 60% lvr normally attracts LMI which is not the case with a…[Read more]

Hi thereHate to say the Bank in the current climate any lender will only lend against the purchase price or valuation which ever is the lower. In saying this if you structure the loan correctly then there is no reason why you could fund the lot with the right lender.Your mortgage broker should be able to present you with these options.

Hi JsoohooHaving the loan mortgage insured will not have any bearing on your serviceability.Loans in the main are credit scored these days together with a numerical formula whether it be DSR or UMI so i would rather buy now and incur some LMI or similar rather than wait until you had a bigger deposit saved and then find you miss out on the price…[Read more]

Very unlike the lender ask for additional documentation after they have given unconditional approval and issued their loan documentation.If of course the Letter of Offer has not been issued then Yes they can ask for everything and often do.

Hi KeikoHate to say dont have any clients who are looking at disposing a Company but your Accountant may have some.Just need to ensure that Company is clean skin and carries no baggage.

I've also seen mortgage documents that require the lenders consent to simply rent a property Sorry i dont see anything crazy about that as it is the lenders risk if he has to execute his right of possession and his sale options are limited because of a prevailing tenancy. Yes the solution is to be big enough to obtain lenders consent as we have…[Read more]

Exactly right SNM how flexible does he / she needs to be.

Sally you as the owner would cover the Council Rates and then in turn debit the wrappees loan account with the same amount.

Feel free to email me for my 10 reasons why you would not cross collateralise your loans.To be honest i cant think of one reason why you would do so. Of course your Bank will tell you how much simplier it is and you have 1 loan ect but they would do of course as they have added security.Yes why would you not establish a LOC or interest only loan…[Read more]

They certainly have some good properties and I have financed a few of their acqusitions for other clients.All in all no real issues but like anything do your own due diligence.

There is only 1 lender that doesnt at the moment require a PG.Would need more details to let you know whether it would fit their criteria.