The property is located in WA therefore the Vendor would be required to have a Credit License to offer such a facility.Given the Vendor is a local state authority i do not think any form of VF is likely.

I am with duckster as long as your income can evidence serviceability to qualify for the loan then there will be no issue in borrowing from your parents to bridge the deposit shortfall.

My apologies i have reread your original post and stand corrected.Neither of you will qualify for the Stamp Duty concession as both of you have owned a residential property previously one of you owning a previous PPOR and the other a previous IP.

PaulRegretfully the lending scenary has changed and lenders look at risk V reward and the 3 "C"'s of  residential lending.Character – credit reportCash Flow / Income – post living expenses, credit card repayments etc etcCollateral – Security itself and location.You wont find a standard lender to accept the deal given the information you have p…[Read more]

If you purchase as a couple you will not qualify for the Qld stamp duty concession.Might be away around it by buying in her name and you act as Guarantor but many lenders wont like that despite the obvious relationship. 

No worries Fish let us now how you go with them.

Hi FishTo be honest the way it has been structured i think you have absolutely no chance at all.Sounds like CBA have done a good job in tying up your securities well and trully.Maybe look to refinance and structure correctly. Starting again will be beneficial for you maybe not the Bank.

Spudway where is the property.I dont think you need to be paying anything like that.

Terry i dont think they accept pensionable income on lodoc but i think you might have a chance on full doc with some lenders.

Duplicated post

Hi JeromeThese will vary from State to State so for most of the Govt related costs try the office of state revenue website in your State.Mortgage Insurance is a single premium cost based on a sliding scale dependant on a number of factors which can include loan amount, LVR and in some cases whether the loan is principal & interest or interest…[Read more]

Unfortunately many lenders are being inundated with applications and taking a while to assess them.In saying that i dont think CUA would be one of those receiving a truck load of new deals so think it is merely an excuse that the havent a clue. After 6 weeks there is no excuse assuming everything else is equal.

Heh Rob good for you and welcome to the forum.Hope you enjoy your time with us.

Banks dont hate Studio Units they just reduce the amount they will lend against them.

Hi Complexs Firstly welcome to the forum and I hope you enjoy your time with us.Initially i suggest you contract a mortgage broker and see your options when it comes to your capacity and the varying loans out there in the marketplace. Are you intending to buy this property as your owner occupied property and claim the First Home Owners Grant or…[Read more]

There is a regular meeting down in Salisbury once a month for property investors with the BIG (Brisbane Investor Group).Sorry havent got the contact details to hand but did a couple of presentations to the members a few years back.

Without being funny if i dont now where it is how can i decide whether it has any value at that price.

As Terry has pointed out you need advice however just remember your mortgage broker unless she is a licensed financial planner is unable to give advice about the offset account.

Which town or suburb are talking about ?Big difference in what we pay per site between Ascot, Brisbane & Townsville

Hi SamblersGood to see we have another Pom on the forum so i am not outnumbered by the locals.Hate to say it is as easy as using your $50K as deposit for an IP and borrowing the balance especially if you intend to make this acqusition tax effective and structure the loans correctly.I am certainly not putting down your mortgage broker who i…[Read more]