As Terry mentioned with bridging you can go circa 85% lvr of combined values so as long as you don’t have a large PPOR loan you shouldn’t have an issue.

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Yours in Finance

Suggested an Off The Plan property who would have ever guessed.

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Yours in Finance

Hi Charlie

Yes it is caused Mortgage Fraud and has nothing to do with nerves.

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Yours in Finance

Will vary from State but in the main it needs to existence prior to signing of the purchase contract.

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Yours in Finance

You wont get a personal loan for that sort of amount.

You have very little alternatives as it sounds like the loan was incorrectly set up in the first place.

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Yours in Finance

Clarky this has to be the longest running thread in the 13 years I have been involved with this forum.

Setting up a new Trust / Company will NOT increase your borrowing capacity assuming the Directors are the same as you will personally guarantee each loan and would be required to declare that guarantee on future applications.

Not a matter of…[Read more]

Firstly welcome to the forum and I hope you enjoy your time with us.

In summary:

1) Yes you will have to reduce the loan to the acceptable percentage of land value. We see this all the time. Property might be purchased for $1M but land is only $700K. Clients may have borrowed 80% of $1M now need to reduce the loan by $140,000. No residential…[Read more]

Exactly as Kinnon says.

We have always charged a fixed fee irrespective of the purchase price.

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Yours in Finance

Are you sure you are wanting to go up there this week ?

Still a bit wet and the odd tree down.

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Yours in Finance

Hate to say Charlie that is proprietory information and something we charge a lot for.

We use in the Buyers Agency side of the business which my partner runs.

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Yours in Finance

Hate to say been broking for 26 years and still had to under the same exam / qualifications as someone who had been around for 2.6 weeks

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Yours in Finance

Hi fudge

Whilst Mark will spin you all the reasons why you should buy new also remember that any Capital Allowance claim made on property during your period of ownership reduces the Cost Base when you come to sell the property and increases the CGT payable accordingly.

For you purchased a property for $500,000, claiming an amount of $50,000 in…[Read more]

Hi Helen

In such a direct way YES.

Normally courtesy is to offer a few months of forum contribution and help answer a few questions before giving yourself a plug.

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Yours in Finance

Or it could be that at 80% lvr you never really know the true value of the property as Westpac will not do a full valuation……

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Yours in Finance

Doesn’t matter if you are married you mentioned she was your partner.

OSR use a different measure to gauge your suitability but still fraud is fraud doesn’t matter how you spell it.

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Yours in Finance

Tom of course that assumes the loan is a residential loan in a personal name otherwise NCCP does not apply.

A complicated deal could well be a Company loan or Development deal or similar.

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Yours in Finance

Away from Jacqui’s excellent comments there is another alternative.

What State is the property in ?

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Yours in Finance

I think Rob means “I have been operating for 10 years” rather “They have been operating for 10 years”.

I am assuming his opening post on the forum is one of self promotion being the principal.

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Yours in Finance

Hate to say you wont be eligible for the FHOG as you partner has purchased before.

Won’t make any difference if you buy the PPOR in your name or not.

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Yours in Finance

That certainly helps and on that basis 95% of 450K appears possible.

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Yours in Finance