My business partner is based in Melbourne so let us know if we can help.

Have a look at our website and you will see which one of us is the better looking.

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Yours in Finance

A low rate when you are in default on a contract will do little for you.

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Yours in Finance

Yes something about us pommies.

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Yours in Finance

Yes and No depending on the property as has been set out.

Might not like the answer but SIS will dictate what you can and cannot do.

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Yours in Finance

The answer is fairly simple you document the Tenants on the purchase contract.

You give the Seller the option with your consent to sign a separate Tenancy with the Granny Flat and if they choose not to you insist that this vacant on settlement.

This way you can let to whoever you like.

Legally document everything and you can’t go too far…[Read more]

Had one from a forum member only last week where as a result of a soil test the land purchase price was reduced.

We had the lender re-approve the loan in an hour and had revised loan documents out the same day.

Certainly wouldn’t be leaving it until the last minute as you could be the one in default.

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Yours in Finance

Did your friend tell the Broker he was applying for a house & land package.

Either way i can’t see the Broker can be to blame if the construction price has not come it at value.

Could merely be an overpriced build and someone trying to make a few extra dollars at your friends expense.

Another problem with Off the plan H & L…[Read more]

Even an unethical broker is required by law to disclose any commission he is receiving.

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Yours in Finance

We employ an agent directly to source such deals for us Ramki.

I bought all of my blocks this way.

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Yours in Finance

Each town will have Agents that specialise in this type of property.

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Yours in Finance

Hi Jon

Purchase price or valuation whichever is the lower is the rule of thumb.

Just make sure you advise your lender now as otherwise you might get to settlement and the transfer document will show the lower and the Bank will not settle.

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Yours in Finance

Benny

A lender would want a full fixed price contract, DA/BA, full plans and specifications and probably a QS report to provide to their valuer to undertake the valuation on the property.

Unless you have considerable development experience, several pre-sales or you can show that you can service the peak debt a standard Banking lender won’t touch…[Read more]

Couple of other financing considerations

1) End value is course net of GST so that may have am impact on your borrowing amount.

2) Even private lenders will want you to put your cash in first and they will come in afterwards.

3) When you demolish the house you will only have land value. I am assuming your valuation is based on land value and…[Read more]

There are a couple of co-op’s who might look at it or someone like Breeze finance but in the main I think it is going to be too tricky,

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Yours in Finance

Hi Property

Sorry to hear about the state of your health that is never good.

To be honest I think you will struggle to find any conventional lender go above 80% lvr with only income protection as evidence of income.

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Yours in Finance

Hi Neil

I agree tight but doable.

Had a couple of deals in from forum members this week which are 30 day settlements and they are both going to be right especially coming upto the end of the Financial Year.

Just make sure your Solicitor starts the relevant searches nice and early as that is the last thing you need to slow down the…[Read more]

Yes a full application will be required.

Even if the loan is portable you would have to have a simultaneous settlement with the sale and purchase happening on the same day and borrowing the same amount.

Post NCCP you application would need to be fully assessed.

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Yours in Finance

31 Degrees in Brisbane Thursday so warmer than most of Europe and it’s their Summer.

Anyway who would go away when the World Cup is just about to start.

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Yours in Finance