AndyNormally "Mr & Mrs John Smith ATF Smith Family Trust".

DSSlightly confused as to what you are trying to achieve but wouldnt you better off to sell your current PPOR to either your partner or a Trust structure and use the entire net proceeds to pay for your new PPOR.

LinarMany lenders do not take HDT applications even on a full doc basis simply because they dont understand the mechanics however in saying this there are few lender who have no problems with structure both lodoc / full doc.

JonasNothing to stop you buying your wifes interest in the property or alternatively selling the property into Trust and borrowing 100% of the market valuation. You would pay out the existing loan secured against the property and the surplus could be used as deposit for your new PPOR.All of the interest used to purchase the IP would tax…[Read more]

Never say No to anything. Normally No but if you sold your IP to a Trust and borrowed a 100% of the current valuation then the funds raised can be used to pay down the PPOR loan.Downside is you would incur Stamp Duty and possibly CGT. All depends on the numbers involved as to whether it is worth it.

ABSorry to be sarcastic but of course your Bank Manager has tried to persuade you to keep the properties cross collateralised as it will benefit the Bank and possible even her own pocket. Many lenders offer incentives for their branch staff to X collateralise your securities so listen not.My suggestion would be to go ahead as you mentioned and ask…[Read more]

Hi LisaI have a number of properties on the northside and use Mayfair who are excellent.Give Keith Clarke (the principal) a call on 0411 516 259 and say i said g'day.There service is 2nd to non and very friendly and professional.

TimNot overlooked that fact at all. Just i have a little more information than is posted.

I agree with Tim there are variety of options available however i cannot see why you would not want to utilise conventional lenders finance.I operate a separate Company called First Home Owners Group Pty Ltd (FHOG Pty Ltd) which is Qld largest provider of wrap finance and we have always used standard financing. Currently we have over 100+…[Read more]

GOM….No been and gone and packed their bags some months ago.

Such a capital expenditure would have had to come from the Sinking Fund of the Body Corporate and would have required a motion at the AGM or an EGM where all of the unit holders would have the opportunity to vote on.If this has not happened I would ring the Body Corporate and find out under whose instructions are they acting.If it was not…[Read more]

This is one of the issues with lodoc lending it is aimed at clients who do not have the relevant paperwork to evidence their income and not for clients to write down any income to obtain the loan and then lodge tax returns showing a lower income to reduce tax liabilities.You could always look at a nodoc loan admitedly the interest rate will be a…[Read more]

Terry is correct that the Dragon still lends to Trusts however with one of their no deposit products if the property is for investment they require evidence of external assets such as property, cash etc.

Which State are you located in.Drop me a line and i may be able to recommend someone to you.

There is NO State sponsored scheme in Qld other than the Adelaide Bank scheme.

I think you may find that the whole of WA has been removed.

RichardThe vendor loan will be considered as a 2nd mortgage and i guess the lender will want to secure this against the property.The property sounds like it could be a specialised security so 70% would probably be the maximum LVR available.A 5 Year Principal & Interest loan would be common practice in cases like this.The number of lenders who will…[Read more]

MJRather than look at Govt SE scheme why not consider the Adelaide Bank SE scheme.Yes it is post code restrictive and a couple of States have been taken off the list but is more flexible from what i have seen than the State schemes.

Rowester – regretfully a simple answer ….. No it wont help you.

Ian Will depend on the lender and whether you refinance or not.If it was a risk fee and not LMI then nothing you an do.