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.

There are a couple of lenders that will waive the LMI upto 85% so explore all of your options before you jump in.In saying this remember that LMI incurred for investment purposes is tax deductible.

DMStill will incur stamp duty on market value and the same goes with the CGT trigger.

If rate is the only thing you are after then I am sure we can find someone. Drop us a line and i would be happy to help.

Gemworth have really tightened up so using a lender through PMI maybe the solution.

PazzaCouple of answers for you:Firstly we're not sure whether to use a trust for wraps, or just for our buy and holds. A) Personally I would use a separate Discretionary Family Trust with Pty Ltd Company Trustee.Secondly, we're unsure as to the loan type that best suits wraps. We had looked toward using a portfolio LOC with sub accounts for our IP…[Read more]

PandaThe Federal Govt First Home Owners Grant scheme is administered by the individual States. The Grant is not effected by the purchase price of the individual property. If you buy a house for $501,000 you would still qualify.Certainly in some of the States the additional concessions in relation to the stamp duty for First Home Buyers maybe e…[Read more]

From their website Post Code 2581 appear to be acceptable to Gemworth upto $300K.

My understanding is if the selling price for a property is over $500K, you will lose your first home buyer grantSorry, Correction: Only for PROP. If this is an IP, you can still claim it next time round (provide is less than $500k)HATE to say this is till not correct

Potentially YES. Especially if they invoke the old AMMC (All Moneys Mortgage Clause).Suggest she start again with a new lender on the quick.

Ok the Big C sorry i should have guessed.Not the world friendliest organisation after they get you through the door and will certainly make you jump through 101 hoops before saying NO.Still should be able to accomadate the suggestions i made initially.

Hi DamienYes it isnt that easy now. It won't make any difference on your serviceability if you stay put. You are probably better to take the whole deal to someone new and establish it properly from Day 1. Otherwise you are probably just digging a bigger hole for yourself in the long run.

At present it appears your current lender has the loan secured against the IP cross collateralised over your current PPOR as well which is a common trick tried by the Banks when you ask to borrow 100% of the IP purchase price and where it is not structured correctly.If the investment loan was secured against the IP on its own it would mean that y…[Read more]

My understanding is if the selling price for a property is over $500K, you will lose your first home buyer grant.This is not the case.

Hi thereRemember not every lender has the same criteria and some are a lot better when it comes to serviceability than others.With carefully restructuring you may find that you can raise substantially more funds than originally though.First thing i would be doing is getting your IP on a standalone basis. An obvious case where X collataralising is…[Read more]

Before we go down the structuring avenue:1) Switch the P & I repayments on your loan to interest only and if you want to increase the repayments on your PPOR by the savings.2) See if you current lender has a 100% offset account linked to your home loan. If so have all of your income now and future into this account and have the interest only…[Read more]

PiscesRather than a Solicitor you would need an Accountant well specialised in this area with a Solicitor attached to his office.Try Steve Hodgkinson who is a senior partner at Gold Business Group – Southport who has been my Accountant and does all of my HDT for clients.Steve can be contacted on 5532 2855.Tell him i referred you as most good…[Read more]

Terry is right notorious is the word.Comes of having ex bank managers non qualified valuer do the valuations.

Why choose a loan that you need to refinance in a few years time. Why not look for something that is competitive from Day 1 and has all the features you are after.Only a suggestion.

I am with you Cameron was a great product in the old days for what it was.In addition they have withdrawn there "X" value product and Pro pack from the market entirely.Had a breakfast siminar with Kim Cannon during the week and he still things they have a few exciting new products to be launched.As for the Big banks offering such a product I can…[Read more]