Hi Anita

Any lender that ask you for the IP as security as well as your own PPOR has obviously no idea about to structure a loan correctly for you.

Certainly make sure that you un Xcoll the loans with ANZ Bank but dont fall straight into the same trap with someone else.

I would have them all sitting as stand alone deals and if necessary use the…[Read more]

If you are in Sydney you can’t go far past someone like Terry or organisation

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com

Took the words out of my mouth Terry.

NAB the same on the retail side.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com

Nigel is some respects is correct with his post.

As a Financial Adviser i would never recomend a client invest in Mez finance unless their risk profile indicated that they were happy and prepared to adopt a high level of risk for what could be perceived as a high level of return.

The investors in Westpoint would have known that the FIn Planners…[Read more]

Caroline

Try a good mate of mine – Richard Young who can be contacted him on richard@mfmltd.eclipse.co.uk.

Tell him dogsbreath sent you. DONT ASK

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com

Hi guys back from the cold of the UK.

Firstly whoever told you that a 20% deposit was required as you were an ex-pat didnt now what they were talking about. I have dozens of expat clients living in Pommie land and around and regularly arrange IP loans at 90 / 95% loans for them.

Why not make the equity you have work for you. Structured properly…[Read more]

AJ

First things first. You make the assumption that you do not have enough equity in your current home loan have you had a mortgage broker run over the figures for you.

Assuming you took out a high lvr loan a year ago the equity may have increased with a combination of an increase in your place and the reduction in the loan amount.

Secondly…[Read more]

MissLily

Don’t think you are too far away at all.

Why not make it -Subject to the approval & registration of plan of subdivision at the vendors expense and on terms satisfactory to the purchaser. (This will give you the chance to read the conditions in relation to commencement etc)

If you are trying to finance it on the basis of 2 individual…[Read more]

Hi Alex

Working backwards obtaining a loan will depend on a couple of things:

1) Your credit history.
2) Your ability to service the loan. Combination of income and rent
3) The security being offered.

From what you mentioni assume that not falling into regular income refers to being self employed so a lodoc loan maybe a consideration.…[Read more]

Pleasure as i say the amount will vary from lender dependant on other issues but maybe a guide for you.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com

Assuming you are single and have no dependants or any other liabilities other than the PPOR then at least $500K should be quiet easily achieveable for an IP

It will vary considerably from lender to lender but i have taken a nice straight forward conservative approach.

Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial…[Read more]

WA

To give you an estimation of your borrowing capacity can you tell us a little more:

1) Existing property = PPOR / IP
2) If IP rent = ?
3) Income 75-85K How such a broad range. Surely it is either 75K or $85K Tax is Tax.
4) What gross rental yield are you expecting ?
5) Would you be redrawing some funds from your existing property to offer as…[Read more]

Both

I now of one major Bank that will waive LMI if they want the deal and also as Alistair mentions a smaller lender who again will do 90% without the need.

Richard Taylor
Residential & Commercial Finance Broker **Lodoc Commercial Loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com

Grant has already been advised by CBA that they will do this substituation of security although the new security is in different names.

Must admit it is a new one on me but what do i now.

Richard Taylor
Residential & Commercial Finance Broker
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com

Thanks Xenia must admit i do try and type with a smile on my face.

Richard Taylor
Residential & Commercial Finance Broker
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com

Hi Jennifer

Must admit i have done one or 2 over the years.

I assume from your post you are actaully purchasing a property with the Title transferring Title to you the purchaser and then repaying a percentage of the purchase price to the Vendor down the track.

I must admit i am suprised that any Vendor would allow capitalisation of interest for…[Read more]

I think you also need to stop and think about the figures yourself.

Many of the mortgage minimiser type loans where sold by brokers wanting to sell Lines of Credit type business and as has been said can work but you need to operate a really struct budget and not spend outside this.

Your loan repayments for a traditional style loan are made up of…[Read more]

S on a B

I doubt you will get anyone to offer unsecured finance on a development deal so it would need to be secured.

On the basis you can show serviceability you are better of to try and find a private short term investor to look at the application.

One thing is you are certainly going to pay for it in the way of both interest rate and fees…[Read more]

Is it secured funds you are seeking and how much. ?

What is the current value of the security being offered ?

Do you have an exit plan to refinance in 3 months time?

Richard Taylor
Residential & Commercial Finance Broker
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com

T & T

Before i offer an answer:

1) Which State is the property in?
2) How much did he pay for the original property and in what year?

Richard Taylor
Residential & Commercial Finance Broker
Licensed Financial Planner
Ph: 07 3720 1888
richard@yourstatefinance.com