Lindaif you are happy to go to the Northern part of the Gold Coast i can certainly recommend the best property Accountant going around.His name is Steve Hodgkinson and he is a partner at the Gold Business Group in Southport.He has been my Accountant for the last 12 or so years and is a wonder at Tax time.He can be contacted on 5532 2855.Tell him i…[Read more]

Unfortunately you would not get 100% lodoc however subject to being self employed and GST registered (if required) would get 90% LVR.

Post In most cases it is a fee free account.In regard sto the comment about paying own the PPOR loan circumstances change and the home of your dreams today could be an investment property in years to come. An IO loan gives you flexibility of choice as your circumstances change and costs you no more.The additional savings can be used to invest further.

Unless your loan is over $1M they will not budge.Bigger loan bigger negotiation power.

Thanks Dr great advertising post.By the way do you also treat arthritis

Fraid to say the telephone chicks at the ATO are notorious for poor information.

mixedupHate to be the bringer of bad news but i have to say i think it would fail the ATO test on the "Original Purpose".A redraw is not an acceptable purpose as the original loan was for non deductible purposes and your loan statement will show "Redraw amount".

OscarAs Terry has mentioned you may wish to look at selling the property into a Trust structure.Whilst this will trigger additional stamp duty the OSR merely require a letterhead valuation from a local agent in regards to the valuation base. Sure you can find a couple of local friendly agents.

nejasHave just sent you an email in response to yours.

Hi RobertI thank you for the kind words and certainly try to assist where possible.Yes Anz like many other charge LMI on a lodoc loan where the LVR is > 60%.In saying this remember LMI is a deductible loan cost where used for investment purposes however not for a PPOR.I think we might be able to do some tweaking of the loan set up to get you over…[Read more]

AlistairTo what LVR are you requiring the 2nd to ?

SrossPlease post your product details for all to see.

Hi NejasFirstly welcome to the forum and I hope enjoy your time with us.Yes i am not a great advocate of keeping anything in my own personal name for a variety of reasons.Personally i think before you go forward you to need some proper loan advice as dependant on the type of property and your own individual circumstances and objectives will…[Read more]

Hi HangingJust be careful with the sausage factory franchises as the owners and the sales staff come and go like the wind.You are better off with an independant broker who can give you an overall view of your options.Before you consolidate both of your loans in one make sure they are both non tax deductible or both deductible as the last thing you…[Read more]

Hi HangingJust be careful with the sausage factory franchises as the owners and the sales staff come and go like the wind.You are better off with an independant broker who can give you an overall view of your options.Before you consolidate both of your loans in one make sure they are both non tax deductible or both deductible as the last thing you…[Read more]

Hi RobertI am not sure who structured your loan with Anz Bank but is does not seem to fit well.There are a couple of reasons why the Bank will do a kerbside / full valuation so not a lot can be done about that.In answer to your questions:1) Yes the additional Line of Credit will be consider as a liability for any new potential lender.2) Anything…[Read more]

Must admit most lodoc lenders havent really tightened up their lending policies too much since the SP Crisis.Certain lenders have withdrawn their Nodoc products but lodoc has expanded and is a useful tool if used correctly.

PM Sent as requested with a few options.

I am still wondering why you cant go Full Doc as the days of being 'Too Rent relient" have been and gone.My personal portfolio is a little larger than yours and I still go full doc with each new loan application.And hopefully i am not "one of those mortgage brokers"

baconballsThere are a few fee free offset accounts floating around but maybe not at the sort of interest rate you are wanting to pay.Look very careful at the small print with some of the online lenders as refinancing these institutions would have to be one of my business jobs at the moment.What starts off sounding really encouraging doesnt always…[Read more]