If you change trustees, you must notify the lender and the new trustee will more than likely have to fill in a new application and provide a guarrantee. Most mortgage contracts prohibit changing trustees of the trust in anyway without the lenders permission.

Terryw
Discover Home Loans
North Sydney
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Scott

I think you can now get margin loans on shares that you are writing covered calls on. ANZ from memory. But I agree with your point, you can not gear them anywhere near you can with property

Terryw
Discover Home Loans
North Sydney
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You can run a business thru a trust, but watch out for alienation of personal services income. If the ATO deems the money was earned by your own personal exertion, then the money will be taxed as if you earned it yourself. there are various rules you have to fulfill to avoid this.

Terryw
Discover Home Loans
North Sydney
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Pisces made a good point about the mortgage insurers only taking a limit number of apartments in any one project. There may also be problems with getting LMI depending on how many units are in the complex, but 90% lend on valuation is possible.

Terryw
Discover Home Loans
North Sydney
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WF

Usually they get their solicitor to put one on, but they could do so themselves. I was charged about $60 once to put a caveat on a property, so it is not so expensive.

Terryw
Discover Home Loans
North Sydney
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Does anyone in Thailand need to talk to a mortgage broker?

Terryw
Discover Home Loans
North Sydney
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Good points Aussiemike.

BTW. I made another post recently about a court case where the director of a corporate trustee was held liable.

Terryw
Discover Home Loans
North Sydney
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Wallflower

I don’t know about that? I think it dpends how frequetly you buy and sell. I don’t think a trust has anything to do with it as my trust has had to pay CGT – sorry, i meant distribute capital gains.

fjficm

Another strategy. Macquarie Bank, ANZ and CBA all offer some sort of capital guarranteed share investments. They work with the bank lending you up to 100% (I think) of the share value, you hold the shares for a fixed period, and then you can ‘give back’ any that have dropped in value for the same amount they cost you. The rates are high – like 15%, but getting a large portfolio and prepaying the interest will dramatically decrease your annual income and hence CGT bill. You just have to work out if the shares are likely to increase enough in value to make it worthwhile.

Terryw
Discover Home Loans
North Sydney
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hi there.
Rob, I know of a team of solicitors that sepcialising in removing entries from CRAA files – legally of course. They use some small mistake or technicality of the lister and threaten to sue them if they do not remove the entry. it seems to work with judgements and defaults.

Liz, I had an application of mine initially reject by westpac based soley on the length of my file (not trying to boast here!). But they passed it when explained.

Terryw
Discover Home Loans
North Sydney
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