The lenders will look at things like family allowance….if it’s for older children and may cut out within a few years, then they will consider her risky, but there are many lenders with different criteria, so put out feelers with brokers in your area before you sign her up.[]

My husband is relatively new – 6 months- to brokering, and has learnt much, tho’ he had previous experience with ING bank. My advice to you is to look for someone who understands what u want to achieve, and ask their processes/fees/time frames – they will vary widely. Find someone u can really talk to, and who doesn’t come over as an amateur. Lots…[Read more]

Family Tax Benefit is income assessed………been there done that and it’s very complicated for self employed who have great accountants like mine(who get our incomes down low)….Judy Anderson at One 2 One Accounting Southport – will deal with people all over oz……..not sure about os, but probably. Her number is 07 55 327622 if u need a good one.

An important note on this – mortgage insurance previously paid, should be refundable against a new insurance – check this out – this comes from info by GE mortgage insurance, so like other insurance, say your car, you should get a partial refund to defray the new policy. Self insurance does not mean the banks assume the risk, merely that they pay…[Read more]

It should be possible to transfer a mortgage – as in a case where we did a vendor finance via mortgage – if someone wants to buy the mortgage deal from us, it is simply a transfer, then the new mortgagor would receive the income not us. This is not what was being queried, but if you can find someone who is in trouble, their bank would probable…[Read more]