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  • Profile photo of Richard TaylorRichard Taylor
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    August 26, 2010 - 6:10 am

    Hi Fingers

    Leonnie Dixon  CSM Conveyancing

    6 / 82 City Road

    BEENLEIGH

    Q   4207

     

    Fax – 3807 3841

    Ph: 3807 9521         Email – [email protected]

    Leonie has acted for me on over 200 property deals here in SE Qld.
    Tell her i sent you as i have referred hundreds of forum clients to her and all appear very happy.

     

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 25, 2010 - 12:40 pm

    Rabobank had a good Tour De France special although not sure if that is still on.

    We got 6.68% on 6 months Term Deposit with Heritage BS about 3 months ago.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 25, 2010 - 12:38 pm

    When Evolve has answered the question then ask how many lenders will lend to such a structure.

    Off the top of my head i am only aware of 3 and non of these offer attractive products.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 24, 2010 - 1:51 pm

    0.9% Discount for partners in the legal profession where the loan is $499K +.

    No applic or annual fee.

    LOC at same rate.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 24, 2010 - 12:13 pm

    Only thing AMP going for them is that in certaint Professions they have an excellent Executive package and also a very aggresive serviceability model especially for investors. 

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 24, 2010 - 6:40 am

    Hi Sharif

    80% for a Non Resident is available but he will need evidence of income to support the serviceability.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 24, 2010 - 4:29 am

    True Matt but many will fall over on Credit scoring.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 24, 2010 - 4:29 am

    All depends on what you are after?

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 23, 2010 - 1:03 pm

    I agree with Banker the email arrived last week i took a look at it and then filed it accordingly thinking well nothing new there.

    Admitedly the rate is par for the course and i do like Adelaide Bank for a lot of other reasons but just couldnt convince myself it will set the world alight.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 23, 2010 - 11:01 am

    Hi Scotty

    Grab a copy of July 2010 API magazine and you can read about how i got started.

    Richard Taylor | Australia's leading private lender

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    August 23, 2010 - 10:57 am

    Bit more to it than a simple Yes / No.

    Does she own the Unit solely?

    As SNM has mentioned depending on the numbers she could look at selling the unit into a Unit Trust. Then borrow 100% of the market value plus costs and the entire loan would become deductible. There are some costs associated in the transaction but depending on the value of both the current PPOR / new PPOR, her marginal tax rate and he long term goals for the new property it could be well worth it.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 21, 2010 - 4:18 am

    Also remember under NCCP servicing calculators are almost a thing of the past.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 20, 2010 - 3:54 am

    LOC = Line of Credit

    Richard Taylor | Australia's leading private lender

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    August 20, 2010 - 2:22 am

    Hi Mav

    Assuming you meet the conditions of the FHOG there is no dramas in taking a loan from your sister as long as she is not a party to the Title.

    You can borrow funds for deposit on the security of a motorbike or any other asset as how you borrow the funds has no bearing on the qualification for the FHOG. If you pay cash for the property then you will still qualify for the FHOG assuming other conditions are met.

    Richard Taylor | Australia's leading private lender

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    August 19, 2010 - 1:12 pm

    When you redraw from the home loan the interest will not be Tax deductible unless the original purpose of the loan was for investment.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 19, 2010 - 1:10 pm

    Whereabouts is the block located?

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 18, 2010 - 12:01 pm

    Surely tell me this is not the reason he has suggested you remove the offset account it reduces our tax deductible expenses.

    If so i think i would be finding myself a new Accountant, Mortgage Broker & Finance Consultant and every other hat he wears.

    Next thing he will be suggesting you should look for properties that are negatively geared so you can get some Tax benefit on your loss.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 17, 2010 - 12:48 pm

    One of the cons is how do you finance them and if so to what lvr.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 17, 2010 - 12:44 pm

    Soloman

    Not sure who you Bank with but $325 per annum is expensive for a LOC unless they are giving you an exceptionally discounted interest rate in exchange for it.

    Sorry Dazz i couldnt understand the thread of your post in relation to adding the purchase costs to the second loan. If you care to explain what you are asking we can answer the question further.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    August 16, 2010 - 12:38 pm

    Hi Gbalf

    Which part of the UK. Boy from the South myself so give my regards to blighty.

    Yes your husband could purchase your share of the property whilst it is a PPOR and then the interest on the amount he raised would be deductible. Admitedly would only be 50% of the current value but better than nothing.

    As i say depending on where the property is located will determine whether there is any Stamp Duty payable.

    Your Broker should be able to do the numbers for you.

    Richard Taylor | Australia's leading private lender

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