Would have to be a 90% CBA equity loan and then another lender for the new IP loan.

Cheers

Yours in Finance

Hi Woody

Hate to say you cannot even get finance in the UK as a non resident even if you are a UK Passport Holder unless you have your overseas income paid into a UK Bank account.

I own a property in the UK and have a fairly decent rental income from my Australian properties and still wouldn't qualify for a loan from a UK Bank.

Neither HSBC or…[Read more]

I think Mike is referring to the Advantedge loan badged thru AFG Homeloans.

Nothing wrong with the product at all but as the boys have mentioned make sure it meets all of your goals and objectives both now and in the future.

Cheers

Yours in Finance

Hi Woody

Welcome to the forum and i hope you enjoy your time with us.

Have to say given that CBA will only go to 90% lvr on an equity release you are going to fairly limited as unless you build or buy a new PPOR you won't qualify for the new build boost and therefore are going to have to use your own funds / equity to cover your deposit and…[Read more]

Hi GCT

Yes it certainly is.

My business partner who is based in Melbourne also offers the same.

Between us we cover Qld / NSW / VIC and in fact i was down in Vic over the weekend with her seeing a load of new forum clients.

Cheers

Yours in Finance

Wow makes the 90 minutes i spent with a forum client this morning for the price of a cup of coffee look like an absolute bargain.

I see it every day of the week so called mentors charging like wounded bulls for limited or no information at all.

Usually the cheap upfront initial hour is the entree and then to get to the main course you need to…[Read more]

Would appear to be doable on the surface.

Cheers

Yours in Finance

Whilst Jacqui is correct if you intending too live in Berkshire i would probably suggest someone like Newbury Building Society.

They are also one of the few lenders that will also considering lending to non UK citizens.

Cheers

Yours in Finance

Yes agree with Jamie in regards to Toowoomba Realty.

We have just purchased a couple of properties in Toowoomba on behalf of clients and found them to extremely professional.

Certainly the 2 forum clients appear happy now the first rent cheque has arrived.

Cheers

Yours in Finance

Certainly on servicing a +cash flow property will aid your situation.

With the exception of 2 lenders you will be seen to be jointly and severally liable for the the entire loan on the property you have with your parents yet will only have 1/3rd of the rent allocated to your income for servicing.

Probably need to examine exactly what you want to…[Read more]

The right property in Australia is also cash flow positive.

If you have no security in Australia you will not be able to find an Australian lender take a property in Ukraine as security.

Whilst a lender can take security overseas and in fact a couple of lenders i now will do Ukraine is not one of those countries.

Cheers

Yours in Finance

Must admit i would be surprised if we get a reduction in August given that mortgage lending in the last quarter is at its highest level since 2010. 

Not to say we wont see another reduction later in the year but think August is a bit premature.

Cheers

Yours in Finance

Spongy

Refinancing to UBank and wanting to re-structure the loan so you can buy more properties is not a statement that goes hand in hand.

For a serious longer term investor saving a few dollars with a restrictive lending policy is certainly not a sound strategy.

Was down at St Kilda at the weekend and must admit spoilt for choice when it comes…[Read more]

Harry never heard such nonsense in my life.

Just get the broker who did the loan for you to order a NAB valuation now and don't wait until a week before settlement as you could find that you are in default as the purchaser and liable.

If you think you will be buying again get the Bank to hold a Term Deposit as security on the settlement so as to…[Read more]

Definitely agree Jamie is your man in the ACT.

Cheers

Yours in Finance

Did mine thru Intelitrain who were fine.

One exam and the rest done as RPL so made it easier.

You can do your Financial Planning exams in 2 days however that is not to say anyone would engage your services after passing.

Been licensed for 18 years and still scratch my head when i see so called professionals who have do idea and are out there…[Read more]

Hard one to answer siewin without knowing your current position and your future goals and objectives.

Two incomes are always going to give you an increased borrowing capacity however there is many ways to skin a cat and get the same end result.

Cheers

Yours in Finance

A few of the non bank lender allow free upfront valuations these days so wouldn't think it would be that.

Hard to justify but i guess if you can get away with some Brokers will do it.

Cheers

Yours in Finance

As Terry mentioned a spousal sale could be an option depending on the location of the property and might prove financial viable especially at a higher marginal Tax rate.

If you are single you would to work out the numbers to see what the break even point is.

Get some quality advice before rushing in and make a decision.

Cheers

Yours in Finance

Hi Josh

Yes we are known as friendly bunch and don't bite real bad.

The product is fairly new and certainly has limitations but i must admit we are doing more and more of this type of business for our clients.

Your equity position would need reviewing as that could be an issue. Tax refunds are not acceptable savings in their own right so might…[Read more]