Hi again mddedf

I have to say anyone who told you to offer up your PPOR as collateral in it’s entirety has only their interest at heart and not yours and is certainly not the way we would recommend you structured the acquisition.

Usually it is a matter of working backwards in a situation like this.

Let us assume the intended purchase price of…[Read more]

Hi Spndc

Welcome to the forum and i hope you enjoy your time with us.

The following link was in the API Magazine some months ago and might help you get a basic grasp.

http://www.apimagazine.com.au/api-online/glossary

Course anything else just shout as we are a friendly bunch here.

Cheers

Yours in Finance
0-40 properties in a decade. Email…[Read more]

Firstly welcome to the forum and I hope your experiences here are better than on Sommersoft.

Whilst Jacqui has raised some reasons why Mortgage Brokers don’t respond it i think it is common courtesy to respond to a client even if it is to say “sorry i don’t believe we can help you further”.

We try between us to answer every email / phone call…[Read more]

Hi Ned

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

I wont comment on your suggested location as i am slightly biased being a Qlder but just understand there is a reason why a number of lenders have limited their maximum loan to valuation in NSW to 80%.

Assuming you have decided on where to buy start off by chatting to a…[Read more]

Hi Robert

Hard to give you a definite answer without more information.

Under the NCCP legislation lenders are required to ensure you can service your current & future borrowings however there are a number of exceptions.

Nodoc lending is still possible in certain circumstances although comes with a higher rate etc.

Often whilst you might think…[Read more]

Hi Roy

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

Certainly from initial information you are in a good position to start building your portfolio.

Be careful when you start out in the current lending environment that you utilise your deposit wisely as accessing equity in the future is getting harder and harder especially on a…[Read more]

Charlie work on 80% of the market valuation less the current mortgage and that should be the amount they can access.

Course you being a Broker should be able to make the recommendation to them as to the most appropriate lender as of course we don’t have all the facts in regards to their requirements.

Cheers

Yours in Finance
0-40 properties in…[Read more]

I avoid units unless i can buy the whole block and have 2 x 6 packs left in my portfolio having sold the 18 x 2 block in Brisbane.

Units have a higher holding cost so i would be looking at freestanding houses.

We are buying good stock on large blocks for forum clients with yields of circa 5.5%.

Cheers

Yours in Finance
0-40 properties in a…[Read more]

RP, i think you will be pushing things to get a 6% rental return in the current climate especially in Brisbane

We are however certainly seeing an increased demand for our Buyers Agency services from forum members and have sourced some excellent properties over the last few months.

Cheers

Yours in Finance
0-40 Properties in a decade. Email me…[Read more]

Ask me again tomorrow Charlie and the answer will be different.

I actually did a complete review of 27 different lenders 2 weeks ago in regards to investment lvr’s, interest rates post increase, policy changes etc etc.

I then ranked them in regards to a couple of areas to help keep up.

I looked at the list again last night and it had changed…[Read more]

Many lenders and indeed Brokers elect not to keep the loans separate as it harder to move away if they are crossed.

Whether it is right for the client i have seen many Brokers encourage it to capitalise on the commission and ongoing trail.

Suggest you avoid it at all costs.

Cheers

Yours in Finance
0-40 Properties in a decade. Email me for a…[Read more]

Hi Adrian

Good to hear you back on the forum.

We have a couple of projects in Milton, Brisbane that are close to completion which we are developing with our Solicitors.

I am over in the UK at the moment looking at a couple of new development opportunities but can certainly get some information sent to you if are interested.

Cheers

Yours in…[Read more]

Firstly DCT i am very impressed that you are interested in property at such a young age.

I was 18 before i had my first property under contract and guess never looked back even when i moved to Oz.

In the UK i would probably suggest you join http://www.propertytribes.com as it is an active forum with plenty of property members and totally free.

Good…[Read more]