Hi Newjo

Not sure if it helps but I wrote this easy to understand article on loan structure recently for one of the investment mags.

Cheers

Jamie

Hiya

A decent mortgage broker will listen to your goals and advise on the right lending structure for your situation. When it comes to structure – it's about selecting the right lenders at the right time, avoiding crossing your securities, using lenders that allow you to access future equity without too much hassle…these are just a few reasons.

A good accountant will (legally) maximise your tax deductions and advise on the best type of ownership structure for purchasing your investments.

Cheers

Jamie

Hiya – depends on the lender but 90% is possible.

I wouldn't look it like that. If you're doing an equity release against IP 1 to fund IP 2 – then I'd assign the loan repayments for that equity release against IP 2 when determining the holding costs.

Cheers

Jamie

Hi Smartcube

I can't comment on the area but thought I'd comment on the tax bracket issue.

I wouldn't buy a property in an effort to lower your tax bill – it's a flawed concept. It means you need to lose $1 to get back 40 cents.

While the tax benefits associated with property investing are handy – they should be (in my opinion) viewed as a bonus rather than the primary reason for investing.

Cheers

Jamie

There's hundreds, if not thousands, of property markets across the country at different stages of the property cycle. While some markets have seasonal adjustments – I wouldn't say that things will boom again next week once spring hits.

Cheers

Jamie

Totally agree with Richard on the interest only for both suggestion.

I'm an advocate for interest only against all properties, including the PPOR – with an offset attached to it.

This structure provides maximum flexibility now and in the future.

The only time it doesn't work out so well is when the investor isn't good with money and will simply make the minimum interest repayments against the PPOR loan and blow their cash elsewhere (cash which would usually be best off placed in the PPOR offset).

Instead of rambling further, this article might help.

Cheers

Jamie

Was able to get a couple of 90% lends approved quickly with ANZ for a client working in Afghanistan recently.

If you have a power of attorney in Aus, that will speed things up a lot.

AMP have reasonably quick turnarounds at present – do you know why they're taking so long on your file?

Cheers

Jamie

Further to Derek's good comments – financing may be an issue too depending on the size of the town.

Cheers

Jamie

No worries – you'll be in good hands.

Cheers

Jamie

A strong application can mean good borrowing capacity, a good asset position relative to age, minimal consumer debt and a low number of credit enquiries on your file.

Do some searches on Off the Plan or OTP – there's a lot of cons (as well as some pros) to consider.

Cheers

Jamie