ANZ are good with substitution of security and St G should be too..

Might be better to incur the lmi on the investment loan for tax reasons. But it could work out cheaper for it to be incurred on both loans at a lower lvr.

Could be depending on. The situation.

I should say the unit trust is just one option out of many potential. There may be better alternatives.

what are the differences in rates?

NAB are extremely frustrating to deal with.

The agent is not making any money out of chasing a a tenant like this – approach directly.

Brokers don’t value properties, but qualified valuers do. Most people over estimate what they think the property is worth so have a realistic expectation. If you think it is low do you have addresses of comparable properties in the area that have been sold and have settled/? If so you could challenge the valuer.

You might also consider asking your broker to order another valuation through a different bank’s valuer and if this comes in higher consider refinancing.

Pete

Not my area but you are looking at $5k to 10k depending on how complex.

Diy you will still need to pay lots of legal advice and amendments as it will be full of holes. Also each party needs a solicitor to explain it. The other side solicitor will also request amendments too.

I think you should seeks professional help with such a set up. You need to speak to a lawyer who understands tax and a broker and you might want to consider several structures

If a trustee owns the land Mr C cannot negative gear it.

If A and B are borrowing money to lend the trust they will have interest which isn’t deductible unless the trust is paying market rate interest and terms.

The borrower will usually be the owner of the land which would be the trustee of the unit trust. Directors of the trustee and perhaps the unilt holders will need to guarantee the loan. Liability is on the borrower and the guarantors – that is why you want to minimise guarantees.

You could speak to Brett Davies over in Perth about this sort of thing.

Borrow against the existing property a d separately borrow against the new prooerty