You will not find a lender offer you 90% without LMI unless you are happy to use a non conforming lender.The 2 or so lenders that offer 85% with no LMI will not do so under a HDT or UT structure.

I can certainly vouch for Don and his ability to assist clients.

BoshieYou could always consider a private 2nd secured mortgage (albeit at a higher interest rate) and use the 15% raised as deposit and then take a 80/85% lodoc / nodoc loan at a sensible interest rate.

DakeIf you are referring to the standard big banks then the answer is no however the specialist commercial development lenders would consider any application.In saying this you are still going to need a decent deposit and the ability to service even where they lend on the GR of the end value and capitalise interest.

Alistair4 posts in 3 years. You are unlikely to get a response until 2010.

No if he stays with Westpac you are unable to dictate who they use as their LMI provider.As i say i dont want to dispute what you say but feel the RAMS premium is incorrect.Some lenders also vary the premium if the loan is IO or P & I but not to that extent.

Many lenders now offer cheaper rates products with an interest rate cheaper than the old step down rated products.At 90 – 95% LVR however you would still be paying way over the odds. You would be better to consider a 80% Lodoc product and a even private funding for the 10% or similar.  The combined rate would still be considerably cheaper.

Hi thereEach State has its own Stamp duty on LMI premiums but that would be a negligble difference.Also each lender has its own scales so your MB should shop around for you to see what rate they can get.The LMI With Westpac is about right for a 95% LVR and i think your figure for RAMS maybe incorrect. The premium of $4300 sounds more like a 90% LVR.

Other costs such as borrowing costs can be claimed, but over 5 years or the Term of the loan whichever is the shorter.In many cases clients take 3 year interest only loans so the claim is over the 3 year term after which time you will need to reapply again for a new loan. Just helps with the upfront claims.

In Qld the Trust would be mentioned and the Form 1 Transfer has a specific box that needs to indicate where the purchase is made under a Trust structure.Admitedly can't comment outside the Sunshine State with any certainity so would bow to Terry expertise in NSW.

Plus legals, plus exit exit fees and application fees etcTerry i think these are waived at the Commonwealth

Wow is there a limit on how big your signature can be here.Maybe it gets bigger with each post !!!!!

Personally i would tell the lender up front as if you dont they will find out anyway when they do their telephone verification.Rather than go through the anquish of waiting to find out why not get someone like Terry to do the loan for you from his extensive suite of lenders and then he can push the deal through for you.Cost = Absolutely Nothing.

There are many different strategies you could use but the most important one is to ensure that you do not mix the 2 loans (between a personal and investment loan).You could consider selling your PPOR to a Trust at current market value and then the total amount of the interest would become deductible which maybe a consideration if you intend to…[Read more]

Not sure which State you are in but the Transfer document may show it is owned in Trust. (Certainly this is the case in Qld)Unfortunately really need your Solicitor to accept any mistake and rectify it for you.

The title should read XYZ Pty Ltd ATF Smith Family Trust.

GetlootAlistair is Melbourne based and a regular contributor to this forum. I am sure he could list you a few hundred clients who are satisfied with his service.Why not shoot him an email and get some professional ideas.

StevenJust to clarify your statement to forum readers "our loans are LMI free up to 80%".The free element refers to the payment of the premium by the client and not the fact that loan is not insured at all.

As Terry mentioned continuity in the same industry is the important part.Many lenders will have no problem with probation but will want to see you are in the same field or line of work.

Hi POSWould need a little more information to give you a personal answer. My preference is a 100% offset account as usually the interest rate is slightly more attractive.