Thanks Paul for your info, much appreciated. Cheers for the link I'm checking it out now. cheers AW

MrFairGo,Brilliant post, that actually helps me out a lot. Thanks so much. I'm in WA and while its legal, there doesn't seem to be a lot of it going on (this could work in my favor) so I'm very thankful for someone who has been through it with the banks already. As I assumed, it gets easier as it goes along, good to hear.cheers

Ok so what I've gathered so far is:Lenders generally don't favor wraps…Yet the lender will need to approve the wrap during application for finance for the property I intend to wrap….So not telling them is out of the question…as a wrap can't be performed down the track because the mortgage agreement will most likely prohibit it without their…[Read more]

scott, so your not a fan of wraps? Thanks all  for the info… sounds like if I want to wrap I should not do it straight away, that way the bank don't get the option to not approve the loan based on their disapproval to wraps.

V8ghia, thanks for the advice… and cheers for the welcome, I'm learning so much here its great! I've been looking around rural WA but the rent scene seems to be almost non existent (or maybe just not listed online) unless its a mining town and yeah, not payin 800K for a 3 bed weather board shoe box… and most of WA is a ming town these days!…[Read more]

Thanks for the reply.So really it's just going to be an IP as far as they are concerned?  Would I need to disclose this information at all?cheers anyone who can help.A.W

Thanks for your response. Well you didn't just give me a flat out NO CHANCE!  lol … thats a start Yes, the property is intended to be an investment property. I was thinking, would it be a better idea if I partner up with somebody? To gain access to another income or even equity in an existing property to use as a deposit. Servicing the mortgage…[Read more]