Suncorp do a limited amount of 95% lvr loans. Taking 3-4 weeks at the moment to look at a deal and then only do that lvr in certain post code regions.I can also think of 2 other lenders off the top of my head that do 95% lvr one without any form of genuine savings.

Never purchased there myself but have financed a couple of deals for clients recently and the valuation reports came back fine.Depending on the LVR will determine the number of lenders and in particular the LVR the mortgage insurers will go to (think you will pushing a 95% lvr at present on a standalone security there).Other than that yields…[Read more]

I am with Terry you wont get a second opportunity here so would try and maximise it.Look at a 95% interest only loan with a 100% offset account so that when you move out you maximise the deductible interest.

For HDT Yes DT or UT NoFor Corporate Trustees some lenders wont offer arate discount for larger loans.

Hi SingerSo next time you pop into the CBA and they tell you that your savings account is only earning 0.005% dont complain lol.

I agree Greg cant believe any client could expect to deal with a Broker who is not qualified or licensed.Certainly no slowdown here in Qld either.

Might be slightly biased but i live in the Western suburbs and own a number of properties in both Toowong, Taringa and Auchenflower and they have all perfromed extremely well.

Which suburbs are you talking about.

You can "Can i re finance the house with the equity to then divert it into our future PPOR" but the interest will not be Tax Deductible

Excellent Lil hopefully she can assist you.

The Transfer of Title to your partner without Stamp Duty will vary from State to State (certainly here in Qld you would be liable for the Duty) so check that with the OSR in your Capital City. Must admit i would have been suprised it would be totaly exempt as it would be a 100% Transfer and not a Transfer of a percentage of the shares owned under…[Read more]

SNM is right with the odd exception.Property owned in a SMSF receives a 33% CGT discount not 50% and the date of the purchase contract /  sale contract is applied for Capital Gains and not the Settlement dates.

Stamp Duty is a capital cost and added to the Cost Base when the property is sold.Loan & borrowing costs can be claimed over a 5 year period or the lenght of the loan whichever is shorter.They are proportionalised in the first year.

MichaelGerard Tiffen is the own principal of the Company a Mortgage Detective.

Jake remember in order to satisfy the FHOG conditions you only have to reside in the property for a 6 month continous period in the first 12 months of ownership and thereafter you are able to rent the place out.Why not look at doing this. Take out a 95% interest only loan with 100% offset account and once the conditions of the FHOG are satisfied…[Read more]

LilTry Leonie Dixon at CSM Conveyancing in BeenleighLeonie has acted on over 200 transactions for me personally over the last 12 years or so and for literally dozens of my forum clients.Her direct number is 07 3807 9521.Tell her i sent you along and she will look after you.

Sorry why would the $100k be Tax Free? 

Do you need a conveyancer in the same area as the IP?If you need one within 20 kms let me now.

Hi DavidI think you are confusing the situation so let us see if we can work through the issue together.A lender will initially lend against the original purchase price / valuation (Whichever is the lower based on the fact that you are not paying a premium for having the DA approved) of the property you purchase.Assuming once the property has been…[Read more]

Michael is neither a financial planner or a mortgage broker and I agree I am sure Gerard Tiffen will have something to say about the use of his name.Maybe one of the Mods will deal with that issue.