Absolutely subject to the amount equity available in each property. Just make sure that the loans are standalone and the purposes are not contaminated. 

Re finance some will not touch newman, most will go 80% LVR only and only 2 lenders will go 95% LVR

The response your question is lengthy and complex. It is one of those things where you need to have the conversation over the phone rather than "Typing".

Here is a quick summary:

1. Refer to the points on the DA and the expiration of the DA. This will tell you how easy, difficult, cheap or expensive it will be to ascertain the CC

2. Do a…[Read more]

AMP is definitely a decent lender and their pricing is sharp – they do have certain restrictions but I don't think they will be relevant in your situation.

We don't have any financial details (nor should you put it up) so it is impossible to say.

Best to get a second opinion from another broker. There are many ways to structure an application in order maximise an investor's serviceability (particularly one thats self employed).

Also lenders dont hate self employed – they just require more…[Read more]

Hi Jenny – Jaime pretty much summed up well. Lender policy is a big big book so it is circumstantial but since LMI is not portable you need to ensure that the lender chosen at a 95% lend is the right one as it could prove expensive moving lenders and paying LMI again.

There is also a tiny bit of movement on fixed rates which is great. This just spells more competition……

The danger with this deal is that a) you are paying a premium on the interest and b) both Homeloans and Adelaide bank bagded products have very restrictive policies so its crucial that the OP takes all this into consideration when choosing a lender.

Bottom line – talk to your broker and banker and ensure that they have asked you questions about…[Read more]

You need to go to the council's website and ascertain their DA Guide. If there isn't one available on their website then you will need to call the council. 

They will give you the details on zoning, minimum dimensions, land size, etc.

Also your employment is not of concern – you are on a great income which is great becuase one of the many things that lenders "credit score" on is servicing.

You are at a 95% LVR so please don't apply around with different banks unless you are 100% sure of the plan ahead. Also choose a product that will support your strategy longer term. For example, you may want to build 3 dwellings on the property in 3 years time – so you don't want to choose a lender today that does not accommodate…[Read more]

He/she would be in a better position to advise you of the best product best he/she would have asked numerous question to clarify your needs.

That aside, im not a big fan of this deal because you are pulled in by the credit card at home loan rates but you are forking out a higher interest for the life of the loan and it would cost you more than…[Read more]

I know this is a completely biased statement but I really don't understand the point of online comparison websites. 

What is the point of going with lender A that has the cheapest rate but you cannot fit in their policy due to LVR, Security Type, Age and dozen more criteria?

What's the point if you do not service with that lender?

Also do they…[Read more]

Purchasing property via your SMSF is fantastic and it is become more and more mainstream and common.

It has also become considerably cheaper than say 2 years ago.

Having said that – please get specific advice and be careful that you do not have the same asset class for all your investments. 

Different lenders will lend different amounts of money with say a lender like bankwest being on the lower end of the spectrum and NAB being on the higher end.

If we make certain assumptions (like you have no dependents, etc) then you will be looking at around the $700,000 mark for a lender with a more generous servicing calculation.

Best to sit down with a broker and determine what features you need such as an offset or redraw and ensure that their policy aligns with what you want to do with the property at a later stage.

If you are just looking at rate then AMP and Macquarie have a good basic product at 5.11% and 5.19% respectively with no ongoing fees. If you need bells…[Read more]

Are you able to put the bedroom on the other side? I personally don't think its a good idea to have a bedroom in front of a kitchen. I would also create a space between the living area and bedroom (perhaps a storage area) so that there is some privacy for that bedroom.

Is there a reason it cannot be done via phone or email or do you prefer face to face?

Most brokers are mobile – Jaime from the forum is in ACT and im sure can help you out.

Why not go a bit out and get something like this:

http://www.realestate.com.au/property-acreage+semi+rural-nsw-mount+druitt-114317191