Forum Replies Created
Hi Richard,
I was assuming as we had a mortgage with Lloyds Tsb we could easily get another one and on the website the buy to let ratio is 25% deposit. As we are not in a position to buy yet I have not looked into it fully but definitely a question to ask the bank. It would be really annoying if that was the case as the returns from the UK seem to be better than here.
Just by coincidence I have been e mailing Jacqui Middleton who I believe works with you? I am going to be in a position to buy my first Australian rental property soon and am looking for guidance.
Cheers Sarah
Hi,
I would also like to buy houses on blocks of land and then subdivide. Do I need a different type of mortgage for this purchase? I assumed I could get a mortgage and then just go about subdividing the land.
Thanks Sarah
Hi,
How did you go with the search in Ballarat? I am also thinking about investing in Ballarat, it is there or Geelong. I also thought that the student population would be helpful in terms or renting to them and getting a higher yeild.
Cheers Sarah
Hi,
I am from London now living in Melbourne. We bought a property in Harrow in London in 2001 for $117,000 pounds now worth $220,000. The property is tenanted for $950 a month and we pay $250 a month on an interest only mortgage. I wish I could afford to buy more property in the UK as the cash flow i much better than in Australia. I am saving to get a 25% deposit together which is what out UK bank wants before we can buy again. Hope this helps let me know how you go
Cheers Sarah
