Agreed a 110% loan is readily availble but not at Professional interest rates.

The Vendor has every right to accept or not accept the Contract terms and conditions and one of those conditions would be the acceptance of a Deposit Bond.Talk to the selling agent and see whether there is a way around it otherwise you may find that your contract is not acceptable.

Ah Eric is it. Are you refering to the Adelaide Bank Shared Equity scheme.If you are then Yes we are well aware of it and I was the first broker in Australia to write a deal under the product. In fact it settles tomorrow and is Rismark's first settlement.If you care do to a search on previous posts you will be aware most forumites are aware of the…[Read more]

Ah Eric is it. Are you refering to the Adelaide Bank Shared Equity scheme.If you are then Yes we are well aware of it and I was the first broker in Australia to write a deal under the product. In fact it settles tomorrow and is Rismark's first settlement.If you care do to a search on previous posts you will be aware most forumites are aware of the…[Read more]

Am i green or whatWhat is a negative earing ? something teenagers get done to shock their parents.

Did we say that in a previous response. There is a borrower you will lend you up to 95% of LVR.

There is also a few lenders who go upto $15 Million.St George will do $1.5 million on Lodoc at standard rates.

I agree Alistair. 17 posts 17 advertisements for business and doesnt take emails.I guess when you pst 3 answers to the same question you can get your posts up.Why not post the lender on the forum so that the redwing can look into it further.i am happy to do so – Firstmac was who i would have suggested.

I think anyone can do that. The post is requesting an overseas lender to finance overseas security. I have done many US and UK deals but as Terry points out you will need to approach a lender in the country where the security is based.Not bad though been a member 11 days, 17 posts, 17 advertisements for business and still not accepting emails.

Thanks ChadGreat choice of venue for the Noosa meeting – but what no tea or coffee lol.

Yes there are 2 lenders that will offer 106% of the purchase price (Post code restricted) with no LMI.They charge a risk fee out of the extra 6% which is equivalent to LMI but again it comes out of the loan proceeds.

Rob7.35% fixed for 5 years is not that attractive compared to the rest of the fixed rate market.

Hi unfortunately Churchill is an unacceptable post code.Unless you can get your existing lender to extend their borrowing then NO you will not be able to access the available equity without refinancing.

Yes regretully unless you refinance you will need to.I am unaware of any lender who will take a 2nd mortgage past 85% LVR.However if you take out a separate IP loan at 100% + then equity wont be an issue.

Thanks MAI have sorted it out with Tammy and Yes we went with a 1 day Nodoc loan uninsured.

Freeman Yes many investors realise the folly of their ways and often it is a matter of getting out at any cost.

LVR = Loan to Valuation.

Guess add to the arguement about never never sell !!!!

Depending on the actual numbers selling the property into Trust could be well worth it.I recon at the moment we do about 1 of these type of deals a week where a client realises they probably have structured their original PPOR loan incorrectly and need to restructure to obtain a tax deduction on the interest.

With all of the advice above can i ask why you have it set up as a P & I loan and not interest only.