I am looking at a number of options to raise some finance on 4 of my investment properties. The issue I have is that currently the market in Port Macquarie is pretty flat and to sell them would mean a big price drop of what they value at.
Is there anyway I can get a facility against my investment properties there is about £400k of equity in them put together?
I have just come back after 9 years in the UK and have found things are done a lot different here.
Also looking at raising a 100% mortgage on a primary residance in Queensland anyone know if this can be done.
Thanks
BJMACA
“Investing in the future South Africa”
Hey BJ
you may want to send an email to QLD007 from this forum, he may have a few creative ways for you to do what you want to do.There is always a way!
We buy properties in Adelaide. Immediate Cash Settlements, No Agent Fees.
[email protected]
phone 0412 437 582Thanks Dr X I am on the case
BJMACA
“Investing in the future South Africa”
Hi BJMACA,
You should have no problems extracting equity subject to meeting serviceability and the lenders policy.Regarding the 100% PPR loan, there are quite a few lenders/Banks currently offering these 100% products, Adelaide Bank have a fairly good 100% owner occupied product at the moment.
However if you have equity available then you may want to consider using some of that,
I.e. 20% + closing costs via equity in your IP’s and borrow the remaining 80% secured against the PPR, structured in this manner you would still be borrowing 100% of the purchase price plus costs but will avoid the high LMI premium on a 100% lend. I hope this helps, Cheers.Regards
Steven
Mortgage BrokerMobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.auPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
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