Thanks maree.Sometimes it its the pressure your Broker puts on the lender as much as anything else.With some of the larger lenders they have an open LMI policy in that if the lender accepts the deal the mortgage insurer will follow suit.Glenn could also be a change of ING policy as that happens almost every day these days with lenders tinkering…[Read more]

Hi HydraNo if purchase as Joint Tenants then 50% each. If purchased as Tenants in Common percentage split as the Transfer Document.

Good luck.Not often in the current climate will a lender waive the LMI premium.

Hi CarolGood to hear.Yes he is very Professional in the way he works and hopefully if you go that route he can assist.Always good to hear good feedback.

Yes got to watch these scams.Anyway have to go as I have just heard that i have won the Irish Lottery and need to send them an email with my Bank Acocunt details to they can deposit the funds directly.Very friendly customer service. And the best part is i was drawn out at random and didnt even have to buy a ticket.

Ok point taken. Assumed it had to be credit or lack of savings.Not sure you will find any lender knowingly allow the deposit to be borrowed from the Vendor these days so dropping the loan back 80% wont do you much good anyway.

Please advise why you cannot get finance from a traditional source ?Is it income, credit, lack of savings etc etc etcMost traditional lenders will not allow the 20% deposit to be borrowed even at a 80% lend so i am curious as to why you think this way would be easier. Even though the loan in most cases at 80% or less is not mortgage insured there…[Read more]

Alistair Yes thanks for that started in 1984 in the UK and 1994 here in Oz but i guess ASIC doesnt show that when you do a Company Search.I thing we are all still waiting for Michael to tell us what or who he is in depth.

Jean & MelAs the purchaser you are legally required to pay the Stamp Duty 30 days after the Instalment Contract date and not on the date of settlement which could be 25 years time.

Hi JohnMaybe the FHOG will have something to do with it but also supply and demand from investors at the cheaper end of the market.In a nutshell everything is getting snapped up.Yes the Disclosure Statement from the Seller should have details on the Body Corporate or alternatively merely request a copy of the last AGM Minutes and see for yourself.

Hi MattSorry firstly let me just adjust my eyesight after having read the above post. (Caps lock release button is the one on the left next to the letter A).I dont want to appear flipant but you have asked about a dozen questions in your post and to answer them in a 1 line post would not do the question justice.Your summary of purchasing in a…[Read more]

Hi JazSorry cant recommend anyone in Melbourne but for Brissie and SE Qld why not tryTony de Latour at Results Realty0403 115 973email me at office@resultsrealty.net.au to be put on our list.http://www.resultsrealty.net.au Tony is a forum member and regularly contributes to posts raised by members.

OMG A Bank manager told you it could be ok.Heard it all now.Another reason not to listen to your Bank but to your Accountant instead.Next thing they will be trying to convince us the world is flat.

Suprised it hasnt been suggested we rebate all of our upfront and trail commission back to the borrower.

No worries John.Just emailed this back to you.

WiseHate to say your Broker is right in that Mac Bank withdrew from the lending market well over a year ago now and is merely managing the loans that it has and looking at exiting the market as quickly as possible. They are not considering any new advances whatsover.Must say i have to disagree with you in your statement that every new loan has…[Read more]

SMNo worries that makes sense why i couldnt find it.Just emailed it thru to you.

SMNo dramas i sending you another report but it doesnt like the address you have given me as there doesnt appear to be Poplar Pde in Risdon Vale only Youngtown.Shoot me an email and let me now and I can do it straight away.

Why not try someone likeAlan FoxReal Estate Buyers Agent Propertunity Pty Ltd "Investigating Opportunity In Property" | E: info@propertunity.com.au Phone:  0407 933 500     Alan is a forum member based in NSW and has acted for dozens of my clients in locating them a property.In fact i am financing a deal for him right now where the client is buyi…[Read more]

YIHardly any difference in setting cost at all.Adding a Corporate Trustee will add a little to the bill but not much.