Yes Rhys you certainly can.

Sorry that should have readOff the top of my head you probably wouldnt get more than 75-80% with a retail lender.

Off the top of my head you probably wouldnt get 75-80% with a retail lender.You might get more with a specialist non conforming lender but of course a high interest rate and set up costs

There is no way of avoiding the stamp duty payable on the Transfer but the amount will depend on whether she is a party to the Title already (In some cases it maybe owned as Joint Tenants or As Tenants in Common).

Yes i can confirm this for you.Depending on the actual size of the Unit will determine the LVR you can achieve.

Yes i can confirm this for you.Depending on the actual size of the Unit will determine the LVR you can achieve.

Yes i can confirm this for you.Depending on the actual size of the Unit will determine the LVR you can achieve.

PaulHate to say a pipe dream it is:You are unable to transfer non business property into your superanuation fund and any lending within the fund needs to be non recourse.The transfer of property into Super would trigger if possible (Commercial / Industrial is ok) both stamp duty and CGT.

Solicitor would do the Transfer document but will only do as you tell him. Your mortgage broker would be able to structure the loan for you.Drop me a line if you need a hand to make sure you have the right split up given any variabnce in marginal tax rates.

Hi PappyIf i have it the right way around you would move into the new house and rent out your current PPOR.Only problem you have there is that the interest on the new loan will not be tax deductble whilst your current townhouse will be positvely geared and the net rent after expenses together with the income you receive from your father will be…[Read more]

AimeeThere are two ways a property can be purchased:1) As Joint Tenants which is a type of joint ownership of property where ownership passes by survivorship. On the death of one joint tenant the property held as joint tenants automatically passes to the surviving owner of the property and not by their will. 2) As Tenants in Common which is the…[Read more]

Problem is in doing that Linar you are unable to redraw the excess payments down the track and claim them the interest as a tax deduction.

No none at all.

CraigI have no problem =with such a product where the cirumstances dictate and the property is in a good capital growth area.Similarly an Equity Finance Mortgage or Equity Share product also has a place for the right borrower. This unfortunately is a Full Doc product and currently not available for investors yet.As long as you are not paying a h…[Read more]

AimeeClearly the preferred way to go forward is a simple interest only loan on your PPOR with a 100% offset Account.If the property will be negatively geared then ensure that the PPOR is held as though you were buying a IP from the start. If you want to hold the property as Tenants in Common with an apportionment of the shares then ensure the T…[Read more]

MaxAn investor orientated mortgage broker can often alleviate some of the issues you have outlined.Unless you can tie up the property under contract with subject to terms there is never a fool proof way of avoiding gazumping but a quick valuation and the ability to move forward when required can often help put a vendors mind at rest.

I am lost as to why your Partner doesnt want a loan over the property.I think you will struggle to get anyone lend $30K on an unsecured basis especially on a Nodoc style loan.Private loan with mortgage or caveat on the Units repayable in 6 months would probably be doable.

Perhaps no one has told Metricon then.

EmmaWas it our friends at TIC.If so you might want to commission a proper valuation.

Hi ElkaNo sure about the encyclopedia bit but thanks anyway.Section 17A of the SISS must be satisfied for the SMSF to comply. This section requires that :1) Each member must be a Trustee or if the Trustee is a Company each member must be a Director of the Company.2) A person who is not a Member may not be a Trustee or a Director of a Company which…[Read more]