Hi delt

I dont wish to be the bearer of bad tidings but you will find that Under Section 32 Legislation no standard lender will advance against a purchase price of $15K for a FN.

Private funding i guess is always an option depending on how deparately you need the funds.

Cheers

Richard Taylor
Residential & Commercial Finance…[Read more]

No Anz Bank are not competitive in the lodoc market.

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.

Hi there

It is Richard by the way.

Installment Contracts are very much legal in Qld and i have done 1 or two of them over the years. We sell our Wrap Contract for $495 and i can refer you to a Solicitor who will then do the work for a standard conveyance fee rather the $3K + they normally charge in Qld.

Cheers

Richard Taylor
Residential &…[Read more]

Hi Marissa

I agree i cannot see the problem.

The security your current lender is holding appear sufficient on a standalone basis with the need to hold your unencumbered investment property.

Your current LVR is 77% so i can see no reason why they would need the additional security. If reducing the LVR to 76% alleviates LMI then this maybe an…[Read more]

The current age pension as we know it has both an income and an asset test applied to it.

For the current year the max Assets Test for a couple to qualify for the Full pension who are a homeowner is $229,000. This is reduced by $1.50 / fortnight for each $1000 of assets over the min limit.

Assets which are included in the assessment include:
1)…[Read more]

Is there a reason why you wish to use the LTO method rather than a wrap or LTO?

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.

JM

As KP mentioned + CF properties are not on every street corner especially in the capital cities. You need to look to add value to a property i.e increase the GFA / extra room / subdivide etc etc.

Most of the higher yielding properties tend to be in the regional area where you are likely to experience less capital growth.

The other option is…[Read more]

Asdf

You are right i recommend all of my clients go full doc when and where they can until such time as their capacity to show serviceability is exhausted.

Only at this stage would you consider a Lodoc / Nodoc loan.

Certain lenders allow 76% lodoc without LMI and this is always an option initially but some time to keep on borrowing you need to…[Read more]

Other than interest you may also have Rates and maintaince to factor in.

Not alot but may tip the scales 1 way or other.

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.

Nathan

Hope this helps.

Listed Property Trusts (LPTs) allow investors to purchase an interest in a diversified and professionally managed portfolio of real estate.

Property trust investors gain exposure to both the value of the real estate the trust owns, and regular rental income generated from the properties.

The fund manager selects the…[Read more]

I believe 75% would be achievable.

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.

Hhehe Colin gotta keep those posts up.

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.

No problems keep us informed.

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.

Hi Marissa

Without further information it is difficult to make an assessment on your LMI exposure.

In saying this both the main MI’s will go well over a Million each so that gives you 2 Million of borrowing on the basis that you have sufficient income to service.

Some lenders will go to 76% without LMI anyway so that avoids that and interest…[Read more]

Marisa

Your broker is correct. Most lenders will only lend against purchase price / valuation whichever is the lower.

There are a few lenders who will advance against valuation but not on a Nodoc basis. You may also find that the exist fees on a Nodoc deal are quiet high and therefore refinancing down the track may not be an option.

Is there…[Read more]

Dom

If the property is in Brissie then you might get 90% but as Simon mentioned serviceability maybe an issue.

Most Mortgage Insurers wont like the fact that the property has 2 kitchens so that may cause a problem.

Cheers

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

Sandra

Facts not quiet right for your maiden post.

They are not a new lender and have been around for nearly 100 years. The product is not new just revamped as it was around in the 80’s.

Many brokers acorss the Country have access to this lender.

If you want to advertise your services take out a banner ad.

Cheers

Richard Taylor
Residential…[Read more]

Dom

Depends on what you mean by student accomadation.
If you refer to a large Qlder that is zoned accordingly you will probably get 80% LVR but if you mean a multi-unit then you will be probably be limited to 65%.

Cheers

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

Brissie based and happy to offer any advice i can.

As those of you who will have read my past 1500+ posts know i have specialised on creating + cash flow from wrapping and other forms of Vendor Finance for the last 10 years.

Now talking life a little easier.

Cheers

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

ASB

Mhhh 2004 I am suprised you have not had an audit issue with this todate.

I would suggest you talk immediately to your Accountant or Fin Planner about the joint ownership structure.

Dependant on the figures once the property is sold and your own personal income then certainly an undeducted contribution is worth considering.

Cheers

Richard…[Read more]