If the property is tenanted you could look at Citibank who will go upto 85% LVR subject to income, and location of the property.I do a fair amount of Commercial / Development deals but as i am leaving for the UK in the morning you would be better of to try the lender direct.

Hi deadOn the basis that it is a IO loan you are being charged less interest with a 100% offset account.Other consideration in refinancing is the cost of the LMI again. Unlikely you will get more than a 40% refund from ING

Hi PeterThis one is fairly simple but just needs to be structured properly.Look to establish a Line of credit against your PPOR to a level of 80/90% LVR (80% + means you will probably be paying LMI) so maybe go to 80% first but with a lender that you can increase it down the track).Then look to take out individual standalone loan secured against…[Read more]

If they are already strata titled then this would a lot easier.Why not just finance 3 with one lender and 3 with another.Would be a fairly straight forward deal.

Mal Think you will find the majority of lenders require the loan to be mortgage insured on a lodoc / nodoc loan where the LVR is > 60% even if the premium is built into the interest rate.I am aware of a couple that will go to 80% or higher on lodoc / nodoc but there is always a catch with these.Serviceability should not be an issue if the loans…[Read more]

Hi BenThink you main problem will be the LVR.Anything over 4 units on the 1 Title is considered as a Commercial deal and therefore cannot be mortgage insured.This then limits the LVR to 80% or below.If the 6 units are already strata titled then this is a different matter and certainly there are ways around it.Other than see if the Vendor will…[Read more]

GeorgeGet your broker to go into bat for you.If the property is sold through a reputable real estate agent then you should not have any problems in revising the valuation.

On the basis that you register an ABN you could consider making application for a Nodoc loan where no evidence or declaration of income is required.It is likely that you will need to provide between 20-30% deposit for each purchase as well cover the acquisition and refurbishment costs but this could be drawn from your existing properties if…[Read more]

More importantly do a forum search on Sample and Partners and see what it brings with it.If that fails check out the ASIC website they have some thing to say about S &P.

Totally agree more with Terry.It is all dependant on the lender and whether it is a full doc / lodoc loan, the security and whether you have a good track record and the property is for owner occupation.

Not if the property they are buying an IP.Same answer as above would apply.

Hi ybuddhaAs Matt has eluded to it is not difficult it is just a matter of structuring it correctly.It however seems a shame that you will not be able to claim the interest on 50% of the value of your current property being the portion used to purchase your share of the PPOR.Before you rush have you looked at all the altenatives. Do you really wa…[Read more]

JosephNot at all if a good track record is in place. 2 years TR's with a list of projects and you should be fine.Have financed many a PD and earn a fair bit of my annual income from doing just that.

IanAs no one has answered your question yet I will offer my 2 bobs worth.Try Terry W from Discovery Home Loans who is a long time contributor to the forum. Terry is very experienced in the finance field in Sydney.You cant too far wrong with him.

Quick question without naming names. Where is the property located.

Terry W is a long established forum member and highly recommended MB.He is Sydney based so why not give him a call.

HI Boy in BlueCheck out the Office of State Revenue website in your State but to help out in the meantimeTo Qualify for the First Home Owners GrantYou and your spouse must not have previously held an interest in residential property in Australia on or after 1 July 2000 in which you or your spouse have resided (Ownership of an investment property…[Read more]

Joseph very simply.1) If you are realting to financing of an owner occupied or investment property then like any self employed Profession they would look at 2 years Tax returns and work off these. Good track record never goes a miss.2) If you are looking a mortgage insuring a development then it is simple they wont do it.I financed 187 wrap…[Read more]

I have just completed a Wrap in my SMSF with a $25,000 balloon payment at the end of the wrap period.There are many many ways of creating the solurion to suit both you parties.

Talk to Steve as he often does appointments in Brisbane.