Yes certainly do. In the UK now it is a maximum lvr of 85% across around 90 lenders and the investors are buying more and the first home buyers finding they just get on the band wagon.

Yes about time too.

Hi JohnGreat shame you hadnt asked this a week or so ago as the last 100% lender has withdrawn its product today.Not only will you need a 5% deposit (Soon to be 10% with a lot of lenders) but also sufficient to cover your purchase costs and loan costs which will include mortgage insurance.If you havent purchased before you might be better off to…[Read more]

You arent allowed to sell property in NSW without being Licensed in that State.

CoretexHate to say CBA would not do it since their lending policies changed 23rd march.Thinks you might have been lucky as they certainly wont to do probationary clients.

OwenThink you will struggle to get anyone but a private lender to finance it on that basis.Cant suggest anyone. Good luck.

Assume you hold the relevant License in your State to perform such activity ?

I have answered this where you posted it previously.

Try the Depreciator or Washinton Brown.Both have websites and they will show you the details of their nearest office to you.

From what you have outlined there is no reason why you wont qualify.Get your mortgage broker to lodge the forms for you with the appointed agent and you should be fine.Payment wont come through until the first draw is made on the construction.

What is the purchase price of the property and is it freehold ?Is the residence habitable and what is the property zoned.You make comment that the property qualifies for the FHOG but do you ?Assume you can support the loan through your tax returns so depending on how bad your credit history will determine the level of LVR. Certainly wont be…[Read more]

rkoNo Rams do not offer an offset account as they are not a retail lender although actually owned by a retail bank.Your parents can only offer their property as a guarantee is they can show they can afford to guarantee the loan.They would be better off to borrow a deposit and gift this to you and then you arrange a loan for say 90% LVR and cover…[Read more]

Assuming all things are equal you may still be able to get the loan approved on the original basis you wished to purchase.Additional information would however be required before an accurate assessment could be made.

Assuming all things are equal you may still be able to get the loan approved on the original basis you wished to purchase.Additional information would however be required before an accurate assessment could be made.

Simple answer Rudiga switch Brokers as we have done several over the last few days for clients with the same structure.

Shame you hadnt posted yesterday as 1 of the 2 remaining lenders withdrew their 100% product.There is one lender who may look at the application but i feel even with the FHOG you maybe short of funds to complete depending in which State you are buying in.At 100% it is not a mortgage insured loan but a risk fee charged by the lender which is…[Read more]

I am aware of 1 lender that doesnt worry about probation period but more likely have to wait 3 months.

Danny All depends on the lender but more likely 30 days before expiry and then normally locked on actual date of expiry unless you utilise the rate lock.

Ok it is 2.11am so you only get a quick answer. Others say that you must have the property as a principal place of residence for the full 12 months to be eligible for stamp duty waiver. This is correct.Others say they have seen cases where people have recieved the concession when purchasing a property that is already rented to a tenant and the…[Read more]

LokkiI have done or two Call option contracts to say the least and the only way to use the figure of $350K on the purchase contract is either to:1) Settle yourself on the deal where Stamp Duty will definately be payable.2) Nominate your buyer as the purchaser and then rely on him to pay your Option fee. Of course when he realises that you are only…[Read more]