Hi Chattaway

You would surprised how many forum clients have been in touch to refinance since lenders started to increase their interest rates on IP loans.

In fact there are some excellent Interest only deals doing the rounds for your PPOR’s.
If you decide to rent the property out in the future that is upto you.

Cheers

Yours in Finance
0-40…[Read more]

Hi Akabm

Firstly welcome to the forum and hope you enjoy your time with us.

Don’t want appear to be self promoting but both my partner and I have a substantial property portfolio (Mine is almost exclusively in Brisbane) where we have been offering our BA services for forum clients for a number of years.

Feel free to get in touch if you want any…[Read more]

Yes anything is possible guess just a matter of finding an investor who is prepared to invest in both the property and yourself.

Good luck in the current climate.

Cheers

Yours in Finance
0-40 properties in a decade. Ask me how.

Yes might have it uses.

In saying that we are looking to launch our new 100% owner occupied loan product in the next 4 weeks.

Licenses all in place and funding signed off my 2 x heads of credit for a couple of leading lenders.

We will be launching it in pilot format in Qld first and then expanding to other States.

Cheers

Yours in…[Read more]

Yes might have it uses.

In saying that we are looking to launch our new 100% owner occupied loan product in the next 4 weeks.

Licenses all in place and funding signed off my 2 x heads of credit for a couple of leading lenders.

We will be launching it in pilot format in Qld first and then expanding to other States.

Cheers

Yours in…[Read more]

Lenders that are governed by APRA have been changing their investment servicing / general lending policies for some time now.

How do you combat it ?

Use a lender that doesn’t service in the same manner.

We have seen a significant increase in the inquiry level from forum clients wanting to see how they can develop their property portfolios in…[Read more]

Yes very much so.

I am based in the South of England (In fact Poole in Bournemouth) which is the most expensive place in the Country for property.
Even London prices aren’t this high and the amount of foreign ownership is incredible.

We aren’t buy in this area for our forum clients as the returns are not there but between Bournemouth and London…[Read more]

Kylie

Not sure how much you are offering them but remember most lenders wont take a gifted deposit so the lvr they can obtain might be quite low i.e 80-90%. Other issue is that the buyers lender doesn’t value the property at your sale price given there is no real estate agent involved.

Again lenders only advance against purchase price or…[Read more]

Assume you are Licensed Apitrust ?

Cheers

Yours in Finance
0-40 properties in a decade. Ask me how.

Totally agree Apolo.

We see forum clients every day of the week who have gone off randomly buying in an area or region without every understanding their end goal.

They think they know why or where they want to buy but then suddenly realise that perhaps the didn’t need to spend that such or indeed purchased for capital growth without any…[Read more]

Which State are you looking at ?

Tony is excellent for VIC.

Cheers

Yours in Finance
0-40 properties in a decade. Ask me how.

How deep are your pockets and what sort of multiple are you willing to pay.

Cheers

Yours in Finance
0-40 properties in a decade. Ask me how.

Don’t like the tag old timer but still here after 14 1/2 years.

Currently over in the UK buying property for our forum clients.

Cheers

Yours in Finance
0-40 properties in a decade. Ask me how.

Don’t like the tag old timer but still here after 14 1/2 years.

Currently over in the UK buying property for our forum clients.

Cheers

Yours in Finance
0-40 properties in a decade. Ask me how.

I can think of one other but yep CBA is the place for CE.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Hi Dan

Not as bullish as BOAP as less than 12 months Casual employment will discount the majority of lenders however a couple i can think of would be ok.

Hate to say wouldn’t be one for NAB but subject to lvr and the zoning / security being ok should be fine.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Hi Bla

This day and age your broker can be everywhere.
Currently I am in the UK and although I have seen a few of my forum clients I am combining business with pleasure.

My partner Jacqui is in Melbourne so feel free to give her a call if you need to talk to someone on the spot.

Cheers

Yours in Finance
0-40 properties in a decade. Ask me how.

WTR all depends on the longevity of the second job.

If you have been doing it a while and have 2 years Tax Returns then should be able to take it as additional income.

Cheers

Yours in Finance
0-40 properties in a decade. Ask me how.

Hi Mddedf

Yes you can redraw the funds but the interest will not be Tax deductible.

Next issue is the total loan can become contaminated so if in doubt go Interest only with offset.

Some lenders charge a higher rate for an interest only loan even on a PPOR so your Broker should be able to dig around and find something for you that should…[Read more]

Hi Mohib

We maybe able to help you with more than just the BA part of the equation.

My partner Jacqui (JacM) is Melbourne based and can probably assist you with some suggestions.

I am overseas for a couple of weeks so feel free to give the office a call and the phone will divert thru to Jacqui.

Hope this helps and look forward to…[Read more]