No unfortunately without property security / family guarantee you will not be able to borrow more than 80% without mortgage insurance.In saying this some lenders charge a risk fee instead upto 90% some to 95% which may work out cheaper than LMI.Pays to shop around a little.Your Broker should be able to help there.

I personally would be recommending an interest only loan with a 100% offset account.Look to maximise your borrowing, take the mortgage insurance on the chin (as it wlll be propertionally Tax deductible when the property becomes a rental property) and look for a flexible loan product that can grow with you.

Hi JaysonCommon question with a difficult answer.Would need to now more before confirming one way or other as there are too many variables.Where is the property located, what is the lvr, what savings do you have, what is your serviceability like, is it being sold through a real estate agent etc etc etc.Sorry no one answer as i mention.

Yes regretfully so.

VicThere is no CGT on the sale of a PPOR to a Trust however Stamp Duty is payable on the full Transfer value.

wealthyjvdStamp Duty has nothing to do with whether you are working or not or age or anything like that and is purely charged on the Transfer value of the property.If it is your first home then there are concessional benefits available to you.I think the person at the OSR you spoke to got the wrong end of the stick.Just on the balance of your…[Read more]

Hi YoungUnlike Terry i have a real problem in the Bank West service.Yes i agree the product on the surface looks ok (In fact i have done a few deals for clients who dont mind waiting a while to get their loan approved) but to me the overall service and product features mean you dont really have an option but to refinance after 3 years.Look at the…[Read more]

Hi DanielI wont comment about whether you should sell the block or develop it as without  alot more information it is difficult to comment on that however one thing i would say is with the block being an asset certainly look to gear against it and use the funds for a deposit to purchase other IP's.Probably a line of credit would be the most…[Read more]

Skippy That is not quiet the case the balance of interest will be deductible even if you previously lived in the property as your PPOR.

SGB have just launched 5.74% fixed for 5 years.

BobbajobHate to disagree with you but i think those days have gone.We usually manage to negoitate a rate better than the clients have done directly due to the volume of business we write with each lender.In mid 2008 we were getting 0.9-1% discount for good clients.

Hi BillyRegretfully not as Terry has mentioned this is treated as a redraw.Couple of ways possibly around it however would need more information to make a comment.

Rams have just announced a 5 year fixed rate at 5.99% and a 10 year fixed rate of 6.19%It is getting very close to being attractive to start putting away a few more properties and taking a longer term perspective again.

TerryAgreed, so much for the CBA being cheaper than everyone else with their big 100 bps reduction after the last round of cuts. 

GOMYes MAV is their Pro Pack and w.e.f from 23.3.09 only loans over $750K will only get the 0.7% discount. 

We do a fair amount with the Dragon so might be able to come up with an alternative.Shoot as email and I can let you now if we can help.

TuggerGiven the current market not sure i would fix quiet yet.There are some good variable deals around with 100% offset and you can always split the loan fixing some and having some variable with offset.

At 5-10% Lvr you wouldnt bother it would just be approved.You cant claim 2 PPORs as your main residence and get be exempt from CGT on both. Not for ever anyway.

SHalesIt is in the structuring of the loan.You can still borrow 100%+ but it is the way in which you do this that is important. 

Look at the wording in the Letter of Offer.Some lenders insist on it and some just do it without you even knowing. Both would be ones to avoid.