Robert

I agree with you wholeheartedly about finding a better deal using a mortgage broker to process the application for you.

Look at our mate salib and his contacts with Homeside. Certainly the client wouldnt have negotiated that sort of deal on his own.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD…[Read more]

Great Robert

I would ask you to let me see a copy of the offer letter but i guess your sworn not to show as it was a special deal and you oouldn’t reveal your sources.

Maybe next time I need a loan at 3% if i ask you nicely could you do a ring around to pull in another favour.

Cheers Richard
richard at castlewhite.com.au
Email me for…[Read more]

Clive

Don’t want to nit pick but can i ask you where you investing in property in Australia at the age of 17.

it is just 18 is the minimum age who can legally purchase a property unless it is purchased in Trust.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Robert

It was probably a special one off rate because of who Salub new. One in which they waived the establishment fees and agreed to cover his purchase costs and stamp duty on this deal.

The BDM was probably told not to tell anyone as it was a special one off. All other friends would need to be referred to other institutions and negotiate a…[Read more]

Samson

In qld you will not be subject to GST on an IP (Assuming you didnt develop the orignal villa and have treated for such under the margin scheme).

You will only be subject to CGT dependant on the date you signed the original contract compared to the date you settle on the sale.

As always talk to you accountant as you maybe able to offset a…[Read more]

Marty

i think you were asking the wrong bank.

I have financed several proeprties over the last week or so which were less than 50 Sq M and have got 95% & today 100% finance for a client.

Most lenders dont like it if the property is inner city and a studio type set up or if it is in rental pool or has to be let.

Cheers Richard
richard at…[Read more]

Hi Robert

Would you like to post the copy of the email you got from the Homeside BDM showing us the interest rate quoted.

I am a sceptic but am always happy to be proved wrong.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Lea

Think many of the concerns have been covered.

Do you have a good Property Manager in the area?
Someone who knows the area has worked it for many years. If these tenants leave how easy is it to quickly relet.

The property is sound – have you had a building inspection on it?

If everything checks out ok go for it girl.
Remember as TPP said…[Read more]

Not a matter of out performing anyone.

Robert and I just dont believe you.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

According to my Homeside interest rates the Peak perfromance product 7.47% <150K & 7.27% >150K.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

And me a dictionary “Buy”

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Heh Terry

Remind to by you a Qld map for Xmas.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Terry

Bang on the tenancy laws mean that a lease option is not the way to go in sunny Qld.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Groms

I never said it was illegal in Qld all i said it was fraud not to advise the Bank.

It is not the Bank’s responsibility to find out it is your responsibilty to disclose when you apply for the loan. I assume that you will be offering the Bank a complete copy of the Sale Contract and relevant Annexures and not ommitting a page or 2.

Cheers…[Read more]

I am assuming that your income allows you to service the loan so if this is the case i can’t see why a Lodoc loan would be required.

Rams recently released a product which maybe of interest to you. Or alternatively try St George or CBA.

If i have missed the concept of your post why not consider arranging 80% standalone lodoc on your new property…[Read more]

Hi winterpeg

Are you referring to purchasing a development property in Oz or in the US.
If in Oz what questions do you need answered.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Hi batts

Our Qld Wrap Cd includes both an actual Installment contract and complete License to Occupy Contract. (You won’t do a Lease Option in Qld.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

bloody wonderful.

Oh to be a developer in SE Qld at the moment.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Heh Robert

Do you really mean that there are people out there who get you to do all of of the work then go off and approach the lender themselves direct.

When it all goes pear shaped come and balame you and give you 48 hours to sort out there mess. When you can’t perform the miracle in time blame the mortgage broker industry and tell their…[Read more]

This topic is surely being over done.

Robert has quiet righly pointed out to all of us and I agree with him totally to increase the price of a property on paper (whether the cheque is made payable to you, your solicitors or your neighbours dog) and then receive a rebate or kickback or call it whatever you will without informing the lender is a…[Read more]