I cant see an issue with Frankston and wonder why QBE said NO.

Financed many fairly new homes there for clients and many of them less than 10 years old.Actually got one in Della Ricca Place only this week.

Be suprised how many older houses have had internal fixtures and fittings upgraded which help with the Capital Allowance claim.

Brad1. What responsibilities do I have, if any, in terms of disclosure to MY lender when providing vendor finance to a third party?This day and age if you disclose it then no lender will consider the deal. We have done 101 of these ourselves and all were disclosed but the lender was aware of what we were doing. I think if you are starting out now…[Read more]

You dont have to buy brand new to be able to claim both Depreciation and Capital Allowances.Anything post 87 will be good however obviously the newer the property the more left to claim.Something 2nd hand within the last 10 years would probably be better value depending on where you are looking at.

A written valuation or 2 letters from local estate agents giving their market opinion should be sufficient.We have done hundres of these for clients and never had an issue when using an agents letter.The Conveyancer will do the Transfer up for you on this figure and your new loan can be this plus Stamp Duty and any other costs.As cjr mentioned…[Read more]

As i put on Sommersoft in answer to the same question Bank West, Suncorp, Adelaide Bank to name a couple.In saying Gemworth are harder to deal with at the moment.You would be better of with a lender that self insures. Dependant on where the property is i can think of one or two.

DarrenHate to say even if he is a Private lender in the UK he needs to hold a credit license under FSA.

The proposed new body corporate would be responsible for the common areas assuming the units are strata titled.

Certainly from a pure servicing perspective with 100K clear deposit and assumed rent on the IP you would be able to service the loan without your parents standing as Guarantor.Ideally this is the prefered way to go as Guarantors can messy as far as your parents are concerned.

There is no Maurice Davis holding a FSA License in the Uk.28 Morris Court is a highrise block of units.Just do a reverse post code search and see a list of the units.No wonder he had broken english he wasnt even in the country.

DarrenWhat is his FSA License Number.Let me have this and I will call this evening.

DarrenDid they give you a website address or location in London.I used to work in the City and whilst i wouldnt confess to know ever crook and cranny be happy to look at their wesbite for you and make a call or two to some old friends.

I never get amazed by what i read but this surely has to be close to the last straw.If we dont hear from you insure we wont hold our breath. Seriously man have you never thought this could be a scam !!!!

Hi ZennyDont want to be rude but if you only want to use a MB to get the lowest rate probably going to find you will be disappointed.The lowest interest rate today will not be the lowest in a months time or a month after that.A decent broker will help you structure the loan correctly to enable you to purchase what you are after and will provide…[Read more]

You could look at wrapping the property when the purchaser will pay to you the deposit and you can use this however you still need to cover your acqusition costs.Other than this if you dont have sufficient equity in your current property you probably wont do it.

There is nothing you can claim if the property is your PPOR (the odd exception being if you work from home and claim a poprtion of the overall living area for business).If the PPOR became an IP during the year then the claim is proportional from the day the property was available for rent until the end of the financial year.

Hi JoIn Qld the Selling agent will try and obtain sufficient to cover the commission he will charge the Vendor.I would be telling him that you only have a $1000 and cover the rest by Deposit Bond if he insists on 10% once you go unconditional.Otherwise balance will be provided by your financier on settlement.

Hi BriduffFirstly welcome to the forum and I hope you enjoy your time with us.Yes i agree $6K is a ridiculous amount to pay for something that a decent mortgage broker will do for nothing.There are many strategies of Destiny i totally disagree with esepcially when it comes to Cross collateralising your loans and many a decent Buyers Agent will…[Read more]

As i stated earlier we have many members on the forum who have amazed more proeprties and who are younger than eric and guess what they come on the forum sharing the knowledge and information for free.At the age of 29 he has accumulated an investment portfolio of 18 investment properties.