Based in Canberra and Sunshine Coast.

Service clients nationally.

Cheers

Jamie

I guess it was just a matter of time :-(

Looks like they won’t honour pre-approvals under the old servicing calc for very long either.

Cheers

Jamie

Bunnings voucher – they might spend it on improving your place :-)

Movie tickets are always nice.

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Jamie

Agree with Corey – changing ownership can be costly. Speak with a decent accountant and crunch the numbers to see if it’s worth the costs.

Joint ownership with a non-spouse can cause huge headaches for serviceability :-(

Cheers

Jamie

I’d pop down an outdoor rug and lounge chairs with a table – cost effective and will look good.

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Jamie

1. You can use equity to purchase a second property providing there’s enough equity to access and your borrowing capacity enables it.

2. In terms of which loan to recommend – it’s impossible without knowing the finer details of your situation which can only be done via a fact finding session

3. A typical structure for investors involves…[Read more]

You can still covert P&I to IO via a switch form. You’ll need to explain the reason behind the IO switch.

Cheers

Jamie

I’d assume it’s a deductible expense – but ask an accountant.

Interest in advance is available with quite a few lenders – you basically prepay in advance at a predetermined rate (usually a discounted rate). I’ve done this a few times for clients. Again – speak with your accountant to see if it’s beneficial.

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Jamie

Never heard of them

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Jamie

Calculating max borrowing is quite complex in this new post APRA world of lending – especially for those with a few IPs under their belt.

Best bet is to get a decent broker to look into it for you – Richard above would be a good start.

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Jamie

Tread carefully.

OTP has plenty of cons. If you do some research online you’ll read all about the good/bad side of OTP investing.

Also – it’s not a good idea to invest if the primary motivator is to reduce your tax bill. It’s a flawed way of thinking – you give away $1 to get back between 30 to 50 cents.

Cheers

Jamie

CBA, Liberty and I’m sure some others will allow high LVR against IPs still.

However – LMI is expensive!

As has been mentioned – 88% LVR is generally a good compromise. Credit scoring isn’t as harsh and LMI is not ridiculously expensive.

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Jamie

Not enough info to make an educated guess.

Too many inputs/outputs to consider with S/E financials.

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Jamie

An Aus bank won’t lend against a UK security- but as Jerry mentioned – try and get a UK lender to release the funds.

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Jamie

Hiya

I don’t know of any brokers/accountants in Tassie – that’s not to say there aren’t decent ones though.

As above – plenty of brokers/accountants work with clients remotely.

Cheers

Jamie

Hiya

The best solution is to get a second opinion.

One bank can advise on their one set of policies and their one borrowing capacity calculator.

A good broker will be able to advise on dozens.

Cheers

Jamie

Agree with Jerry – just stick to this forum and others like it and you’ll obtain a wealth of info!

Cheers

Jamie