Pros – They will do it so a rarity.

Cons – They approve 1 in a million and take ever and a day so dont be suprised if yours is declined or if they ask for paperwork coming out of your ears before declining.

I find Suncorp's service a disgrace so would prefer not to use them unless i was desparate.

Hi TS

One of the best on the GC is Steve Hodgkinson who is a partner at Gold Business Group in Southport.

Steve has been my Accountant for nearly 15 years and is an expert on property.

His contact number is 55322855.

Tell him i sent you as most good property Accountants are not taking on new clients.

Tracey ok noted.

Terry

Not saying there arent exceptions but it is a standard condition of the Package.

When i was with the Dragon there were lots of rules we didnt used to comply with but still were supposed to.

To avoid CC the securities you need to make note on the submission otherwise under the package they are automatically crossed.

Tracy hate to disagree just done 6 units on the 1 Title at 80% lvr.

Admitedly this lender is slightly unusual and does things that other lenders dont.

Not everyones cup of tea but serves a purpose if the client and security is right.

Hate to say Com Banks policy on Non Residents is a shocker so definately wouldnt be going there.

You need a Broker with a good balance of Expat and non resident clients who understands the mechanics of being an overseas investor.

Remember if you are non a permanent resident you will be more than likely limited to what you can and cant buy.

Must admit i wouldnt have said CGT was a disadvantage although it would more likely be treated as Trading income.

Profit is profit.

You would normally do it by way of a Put and Call option and as long as the Option priemium if fairly small you would have little to loose and a lot to gain.

Course in Vic you would have Stamp Duty on the Option but again all relative in the scheme of things.

Dont need to be in the property 6 months for GCT but you certainly do for the FHOG and possibly the Stamp Duty concession.

Hi Kev

Firstly welcome to the forum and I hope you enjoy your time with us.

Admitedly as a Broker I have a vested interest but i will try and be objective as possible.

1) Unless you intend to remain in the current PPOR for ever and a day I would not try and reduce the principal as quickly as possible. In fact i would do the exact opposite i would look to switch the loan to an interest only with 100% offset account.

2) Whilst where equity allows I would avoid LMI you need to look it as an opportunity cost. Try to gear the IP as highly as possible within reason so that the LMI is deductible as a loan cost (Deductible over 5 years or the term of the loan whichever is shorter).

Personally i wouldnt put off buying an IP merely because i was going to incur LMI on the loan.

Think to yourself would i pay an additional amount of say $3000 for the property (or whatever the appropriate mortgage insurance premium would be).

Normally the answer would be Yes and  the cost of the LMi would not change your mind.

3) Seems to be a pet hate of mine Cross collateralising loans but certainly where possible i would aviod it totally. There are more negatives than positives to CC your loans.

4) Rams thankfully no longer accepts business through the Broker Channel as if the truth be known Westpac are running short of money and need to source more profitable funds. The customer service with Rams was non existent and really the product mix reflected their lack of desire to write new business.

Dont use a mortgage broker is all you interested in is the cheapest interest rate of the week.
Most clients use organisation like mine because we can structure the loan for you to suit your needs both now and in the future and enable to carry on purchasing.

We like to think we add value to the clients loan rather than churn out another set of forms for completion.

Any Broker can fill in your paperwork but a Broker who specialises in Investors loans can ensure that you have a clear path ahead of you to maximise your property wealth over time.

No hate to say i agree with the ATO on this one.