Richard,
Would you be willing to assist us in this venture.

Sorry i mean the buyer may not be able to come up with ten percent. Are you able to give me a break down of what you believe will be the set up.
The house will be sold at $340,000.
On a 30 year contract.
I was thinking of a 1.5percent increase in interest, is this the standard or is it higher or lower.

Paul,

Are the costs weekly or one off payment.. Can it be done in a way that you just do the initial set up etc and thats all.

Regards
Jason

Also i have been doing some research and found the following info on a lawyers website,

Does this appear to be true and correct.

Engaging in a credit activity is restricted to a person who does so as a business – one-off credit

activities are not subject to the National Credit Act, and so no Australian Credit Licence is needed

to be held where one-off credit is provided. Therefore a one-off sale with an Instalment Contract or

a Second Mortgage does not require an Australian Credit Licence. Note that ‘one-off’ should not be

taken literally – it is possible to enter into more than one Instalment Contract or Second Mortgage

without needing to hold a licence – the test is whether you engaging in credit activities, that is to

say, are you carrying on credit activities as a business

.

Thanks guys for your comments. I will keep looking around,

Ok, What would the best way to go about this be then.

thanks guys, how do you mean that they are mortgage insured and may create problems, what sort of issues do you see.

Also excuse the spelling, was half asleep when i wrote it.