Yes very simply.

Brokers have 2 choices under NCCP they can go the Authorised Representative route or apply for their own Credit License.

The majority of Brokers have gone the AR route which means in most cases they are governed as to the lenders they can use by their aggregator who holds the master license.

Whilst some Aggregators are allowing brokers to step outside this panel others are not.

The Credit advice is only applicable to Australian residents and therefore all of our UK clients who do not reside in Australia are not covered by the Act. We can therefore still act for these clients without fear of breaching NCCP.

As a consequence we still take finance applications from a number of US investment groups based out of the UK.

Hope this clarifies the situation.

Cheers

Yours in Finance

Not sure you are going to find too many lender accept a borrowed deposit from a vendor these days so unless you buy under an installment contract VF is probably out.

For an average purchase in a Pty Ltd Company / DFT you are probably need to save around 15% – 17% of the purchase price for each property so thing it might be more a long term project.

Cheers

Yours in Finance

Hi Mark

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

Firstly times have changed a lot since Steve & Dave and I financed our 1st investment property and whilst the strategies remain valid the ability to borrow the sorts of lvr's that were available back then have considerably reduced.

This is not to say that it still cant be done but the journey may take a little longer for a variety of reasons.

Where are you located?

Whilst a good Accountant like any many of your team can be based anywhere i ask so that i maybe able to refer someone to you in the appropriate area.

Finally on the financing front without the support of you wife you are going to struggle even if the properties are solely in your name again for anumber of reasons:

1) You need to access an initial deposit. Normally this would be geared against your PPOR but in your case it sounds like this is not going to be possible. Alternative is to save up the deposit and costs which is not a recommended strategy.
2) Borrowing entity. No point in looking at DFT's structure with your wife being a Trustee or Beneficiary as all lenders will require her details where she is a Trustee and some where she is a beneficiary.
3) Your borrowing capacity alone will be reduced as you will still be Jointly and Severally considered liable for the entire loan on your PPOR. Their is the odd lender around who will look at your wifes income and as long as she can support a share of the PPOR debt will only consider you liable for half they will still want details.

Whilst i am not trying to put you down AT ALL i think the support of the missus is going to be important in you going forward in a number of ways.

Cheers

Yours in Finance

All depends on where the property is located and 101 other factors.

Certainly unlikely to be able to choose the valuer maybe choice from a valuer on the panel.

Can think of a couple of lenders who will allow that but you pay the valuer direct and arrange for the report to be assigned to the lender.

90% + Lvr will depend if it is for owner occupation or investment.
Both are possible but i can think of 1 lender who will insist on P & I even if it is an IP where the Lvr is > 90%.

Cheers

Yours in Finance

Simple reason he didnt include the figures in your husbands Tax return is as the guys have all said the Title is in your sole name. 

Cheers

Yours in Finance

It is not a simple matter of merely refinancing.

The Title would need to be changed and this would involve a Transfer in ownership.

Depending on whether the property is a PPOR (to be rented out) or indeed an IP could trigger both Stamp Duty & CGT implications and these would need to be factored into the equasion to see whether it is viable.

Cheers

Yours in Finance

A) No absolute rubbish. If the purpose of the funds is for investment the interest will be deductible. it wouldnt have mattered if you had secured them against a pogo stick you could still claim the interest.

He said that the ATO may not see interest on the 20% portion of LOC as being tax deductible.

 You bet they did. Certainly not the case. Might be more beneficial for the financier but wont be for you.

Furthermore the Finance provider implied that I can gain access to further funding mush easier and expanding my portfolio quicker by cross securitization and also the ATO would clearly see the Loan as being purely for Investments

Just ask the Broker / Banker how many investment properties they have and that will give you a sense of a feeling of whether they are experienced in this field.

Cheers

Yours in Finance

Yes it is very simple.
 
Both Citibank and HSBC will offer such a product but the difference is that it will be done by the respective lenders Australian Branch and hence the prevailing rate will follow.

Cheers

Yours in Finance

In essence what we would need to start with would be income / expenditure & assets / liabilities.

This gives a good indication of your general position.

A further needs analysis could then be looked after we could establish a basic borrowing capacity.

Cheers

Yours in Finance

Hi Beaka

Subject to serviceability and a few other things you should be able to get a LOC to 90% of the lenders valuation.

Not sure from the numbers that will give you very much but at least it is a start.

Cheers

Yours in Finance