ruro

Hopefully we can assist you.

On a personal note Yes I am based in Chapel Hill Brisbane but have clients all over the City.

Email me and I will be happy to get together with you to discuss your requirements. Will be out of action from Boxing day to NY day but feel to email over the next couple of days and we can start the ball rolling.

On…[Read more]

Wayne,

McQuire is after a caveat loan so 3 days (even over Xmas) would not be a problem as the interest rate will be extremely high and no income verification, CRAA or even property valuation would be required.

At 8% Per Month private lenders work Xmas day i assure you.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed…[Read more]

As mentioned to you in PM’s it is certainly doable although i cannot fathem why you would be willing to pay such an excessive amount when you could arrange a Nodoc style of loan for a considerably cheaper interest rate.

On the downside is the timeframe given. Most Solicitors are now closed until the first week in January and whilst i have many…[Read more]

Just one thing borrowing expenses are deducted over 5 Years or the term of the loan if shorter and a proportionalised in the first year.

i.e If you settle 1 Jan then you only cliam the appropriate number of days to 30 June.

If the loan is over a 3 year period then the deductions are spread over the loan term and not 5 years.

Cheers

Richard…[Read more]

One of the tricks of the trade if you are wanting to sell is to ensure that the Contract (remember CGT is based on the contract date and not the settlement date) is dated in a Tax Year where you may have some capital losses to offset.

As Marc mentions why sell the place why not use the equity and get your MB to structure you loan in such a way…[Read more]

What a load of rubbish.

If you want my honest opinion i would be switching MB now.

We process many applications each month with a Pty Ltd Company as the Trustee of a Trust (whether it be Hybrid / Disc) and I assure you that many lenders will accept this borrowing entity to 95% LVR.

Admitedly your MB may not have the experience in this area of…[Read more]

Why are you unable to purchase them all now ?

I must admit i would need a lot more details to ascertain whether I am interested or not.

20K – 100K seems a large range for a unit even if some are 1 bdr. Don’t know of too many 1 bedroom units going for 20k anywhere.

Email me more details and I will let you know if i am interested.

I already hold…[Read more]

Dependant on the type & location of the property and whether you can fully verify income you should be able get 85% lvr at a standard commercial rate.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
Looking for life cover – We Guarantee to beat…[Read more]

The other issue is Wayne in the main there are only 2/3 main insurers with a couple of other self insured lenders and the odd fringe insurer so your choice is not that large.

One of the tricks is to work with a mortgage broker who nows the + / – of each MI and then can put your deal to a lender you uses that particular MI. Where the lender uses…[Read more]

As Terry mentioned 80% would available without Mortgage Insurance however if you are happy to pay this and wish to access more equity then 90 / 95% LVR would be available.

In most cases an estimate of the property valuation is made and the Bank’s valuer will come back with what he assesses the valuation at. The Bank will make an offer on the…[Read more]

Marc standing now.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
Looking for life cover – We Guarantee to beat any quote you have in writing.

Josh

Hate to disagree with DrX but i think you have clear remedy to have the tenants evicted.

The standard Tenancy Agreement in Qld certainly names the individuals permitted to reside in the property which unless modified are the named tenants. It also precludes the property being sublet and this should be sufficient in its own right to have a…[Read more]

MI = Mortgage Insurance
DEF – Deferred Establishment Fee (or early payout fee)

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
Looking for life cover – We Guarantee to beat any quote you have in writing.

As Terry mentioned also look at entry / exit fees including DEF’s and whether all loans are MI (at the lenders costs or yours) See whether they offer free 100% offset accounts and you can interest only loans and how their range of fixed rates compare.

Whether it be 1 loan or 100 loans all these factors need to be considered.

Cheers

Richard…[Read more]

Please note that I have no relationship with the author of the last post and his views bear no resemblence to mine. I have never met him and the fact that we both have the same name is pure coincidence.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720…[Read more]

Please note that I have no relationship with the author of the last post and his views bear no resemblence to mine. I have never met him and the fact that we both have the same name is pure coincidence.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720…[Read more]

Well hopefully the answers on this post given by myself and Terry as well as other recent posts should give you an indication.

If you are not interested in customer service or growing your portfolio and just want a cheap rate with no frills or benefits then they maybe a consideration. If you intend to purchase additional properties and grow your…[Read more]

Both previous posts are spot on.

One Direct are wholly owned by Anz Bank which in the surface you would think was fine. However as has been discussed you cannot walk into an Anz Bank and query your loan or request a variation.

Your broker has no right or authority to act on your behalf in rectifying any mistakes that may happen along the way and…[Read more]

Simon I think you would be suprised i have come across so many clients who have paid a fee for their Statement of Advice ($900 is about right well it is what we charge) to a FP and then find the FP does not rebate any element of the upfront commission.

We rebate commission on both life only quotes as well as any approved investment products. You…[Read more]

Hi Nathan

I assume that the first property you are looking to purchase is an IP rather than a PPOR and if you intend to renovate and onsell you are away of the costs in doing so and the relevant taxes payable.

I also assume that you have established the entity in which you intend to purchase these properties i.e Pty Ltd Company / Trust.

If you…[Read more]