For a Company Title you may get 80% lvr but more likely 70-80%.Not every lenders cup of tea.

See PetaOther great minds think alike.

Agree with Terry. Give them a call for a rate update as they arent the quickest in making announcements over their reductions but the first to tell you the rate has gone up.Sometimes depending on how long you have had the loan and the type of loan it is it could be the time to cut ties with Mac B.

Good luck…..

What is the security you are offering and where is it located ?

Owner Builders are not the favourite clients of Lenders so you will be limited to around 75-80% Lvr. 

Hi LeonieThat suprises me as BoA didnt offer FN lending even in the good old days.There are certainly still one or two US lenders left that will lend to FN's but you are back to the 65/70% LVR.My Auntie is credit manager of a B of A branch in CA so will ask here in a fortnight when i am there but would be suprised. 

Hi Keiko, They start at the same as a residential loan subject to lvr and the type of security.

JohanThis day and age it doesnt really matter where your Broker  located as most applications are lodged electronically.Terry is only an email a way and with his knowledge and experience will serve you better than any more local mortgage broker.Just drop him a line he doesnt bite.

As Terry mentioned there are 1 or 2 lenders offering Nodoc but almost wiped of the face.Lodoc 80 is still with us as long as you have at least 12 months ABN (GST registration if you declare more than 75K) with variable rates from 7.23% and fixed rates around 6.99%. 

I agree with Terry.You might like to have both loans as interest only with the offset account attached to the non deductible loan.What starts out as a PPOR could end easily end up as a IP and therefore flexibility is the key.Also make sure the loans are non cross collateralised.

Adrian65% LVR finance available for Foreign Nationals at around 4.25% variable in the US.

Just an update on the finance thread for the US i have had FN loan just approved by one of my new US lenders to a level of 65% on a nodoc basis which is interesting given the State of the finance market over there.This property is yielding around 22% and is professionally managed so a 65% LVR is very very nicely cash flow positive.Needless to say…[Read more]

CBA have started the variable rate cut by announcing a 58 bhps point reduction.

KapsRegretfully you are correct you cannot claim a tax deduction on the funds raised to purchase your new block of land irrespective of the security used to finance the land.I would strongly suggest that you get your mortgage broker to split the loans as otherwise it will become an accounting nightmare trying to apportion the interest between the 2 loans.

NY I think it is like anything if you buy right and have a longer term attitude then any time is a good time to be buying.As i said just wouldnt be buying with others as their time perspective may chance at any time and they want out and you are in for the long term.Remember if the lenders and mortgage insurers didnt think it owuld be the right…[Read more]

As Terry has mentioned it could just be that the new lender requires this from you irrespective. As long as there is a beneficial interest you can certainly have the property in one name and the loan in two names. The other thing it sounds from what you have posted that your new lender will be cross collateralising the securities which i c…[Read more]

Hi PeteSome answers for you below:1) how easy is it to get 95% lvr for a trust?A) With a DFT this is still possible.2) Deposit,stampduty,lmi etc – how does the trust get the money for this and what would be the best way to go about it?A) The Trustees can lend the money to the Trust however if you are looking to refinance then presumably you will…[Read more]

I think that was on the cards for a while as Kim Cannon never did like Lodoc.

Terry is right i think circa 70% would probably be the maximum LVR. ( I do have 1 lender that will do 80% but the rate and costs are slightly higher than the norm). With a serviced apartment if you have signed a Management Agreement for a period of years then if the lender reposesses the property they have a limited market they can sell it to i.e…[Read more]