Hi EricaAdmitedly my experience in dealing with divorce / separation in not from personal perspective but from a advisory point of view.I assume that you have both come to an arrangment as to how much he requires to receive to be removed from the Title deed.As long as this has been achieved then the rest is fairly straight forward. A new loan will…[Read more]

Dave No perfectly good question and one many borrowers ask.One of my prefered structures is to establish the loan as follows:1) Interest only or Principal & interest only loan for the non deductible portion of the home loan usually secured against the PPOR with the loan linked to a 100% Offset account.2) Line of credit or similar sitting behind th…[Read more]

Hi ChrisIf you can help i would not even X collateralise 2 properties.You will need to extract the deposit and acquisition costs of any new IP from your current securities which maybe a problem hence the reason we suggest where possible all loans are kept separate.Depending on the type of Trust you establish Suncorp may have a problem as it…[Read more]

I think i would be taking the 80% LVR.

You will not qualify for a 106% Investment loan if you are an overseas resident.Are you an Australian living in NZ or a local ?

All depends on the age of the block.For example in Brisbane if the block is pre 1973 it is of right and requires no modication. Post 73 the property must comply with the current Building regulations i.e firerating, etc

SwampyYour in Bournemouth !  I was born and bred in the town.Are you over there full time or for a couple of years.Will be back in Nov for 6 weeks to watch some good old football at Fitness First Stad.

They will not be alone.I have it on very good authority that the majors will all be increasing their rates before Xmas irrespective of whether the RBA move again. The other product which will be withdrawn or amended is the Pro packages as at 0.7- 0.9% below SVR there is no money to be made.

Yes I am sure it is just what Micman needs a 106% LVR at 8.8% with access to possibly $220K of deposit.Be real if you are going to offer structured advice try not to promote your own products all the time.This forum is here to share information and voice ideas and opinions not to advertise your own products.Must admit you can see when times are…[Read more]

I am with Alistair not much is new and there are cheaper ways around it.By the way the Shift key is on the left hand side of your keyboard and takes the capital letters off.If you want to advertise ND King i am sure Steve will be happy for you pay for a banner site advert or similar.

Not bad 3 posts 3 mentions of First Permanent even if you do work for them.Nothing new several similar products have been around for a while with a cheaper interest rate and DEF.

Terry, Regretfully Qld is not one of those States.A Unit Trust appears to alleviate the initial issue.

As Terry mentiones it is a common problem when purchasing as Joint Tenants or Tenants in Common.I may have one solution and that is get your brother to shoot Terry and email or give him a call as he has a full suite of lenders to hand and it will cost your brother absolutely nothing to get the best advice.

The average FP will recommend a nice range of Managed Funds or Property Trusts depending on the commission they receive and is unlikely to recommend property investment.He / she is unlikely to have any idea of how to correctly structure your loan for furture investment. I see you appear to have currently X collateralised your 2 properties…[Read more]

If you guys are prepared to go to the Gold Coast then feel free to contact my Accountant.Steve Hodgkinson who is a partner at the Gold Business Group on 5532 2855.Tell him i referred you as most good Accountants are not taking on new property.He looks after my Million $$ + portfolio and I have referred literally dozens of clients to him from the…[Read more]

Hi AndersHard to give an answer without seeing the original letter of offer but in most circumstances.1) Yes both settlements need to be on the same day.2) Hard to comment could save an application fee as well.     Most lenders will want a new valuation and have all the usual search costs etc.3) Depends on the letter of offer at the time.Both lo…[Read more]

Terry as usual is of course correct.Legally it is the date the contract was entered into. Hence the reason to be extremely careful in Tax planning when you are buy and selling a property over a financial year end to ensure that you have atcually owned the property for 365 + days. have seen a couple of clients thought the magic date was the…[Read more]

I am Licensed to operate in WA so feel free to post openly or email me privately and I can point you in the right direction.

MarkSorry I am slightly confused.You have an approval from the Broker but the lender has no knowledge of the deal ?Are you sure it is not an email or letter advising the amount you can go upto.Did you sign an application and if so with whom was the lender ?

Regretfully Mark like every broker is governed by the mortgage insurers lending policy where the loan is > than 80% so no disrepect but he will have no greater pull than anyone else.In saying this if the bonus / commissions are regular you should be able to move forward.