So why dont the Directors provide Personal Guarantees on their product.
 
If they have been around for that long surely they havent got anything to be worried about.

Peter get your mortgage broker to order it for you and it will cost you nothing.

Hi Mark

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

Without additional information it is difficult to comment why you are experiencing problems however one reason could be the size of the land or property you are looking to purchase.

Large acreage is not flavour of the month with most lenders but i have to be honest havent come across too many deals we couldnt finance.

Feel free to provide more information and we can certainly advise further. 

Hi luci

Hate to say any organisation such as the one mentioned is going to have only one barrow to push and that is their own.

Property marketing organisations exist for one thing and that is their own profit and if it helps the client along the line then that is a secondary bonus

I am sorry i might sound so sinical but i have been in the property investment game so long to have seen all of the tricks of the trade and very few really want to help you.

Reading the forums such this one and asking questions is an excellent way to go.

Talk to a mortgage broker experienced in structuring loans for investors and find out the do's and donts and then maybe engage the services of a good Buyers Agent someone like Way Solid.

Not sure which area you are looking at but if it is Sydney and Andrew doesnt cover the area can certainly certainly highly recommend someone.

Remember it is your cash and equity and many an organisation will happily take it off you.

I like to think i act for the client and certainly not part of any organisation out there to market or sell property.

Lukoot

Drop me a line and i can rework the numbers for you.

Hi Andrew

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

Whilst you are unable to borrow against his equity in your own name (referred to as a 3rd party mortgage) this is a situation which we come up again regularly with clients and structured correctly there is a couple of ways around it.

Of course without further information it is difficult to provide you further details information but feel free to drop me an email if you want some options.

Hi Elisa

Difficult to provide structured advice without further information on your asset/ liability, income or expenditure position.

Half the battle is protecting your assets and establishing your finance in such a way that the loans are not cross collatealised.
A little time spent restructuring can be the difference to going forward in the right manner or merely coming up a against a brick wall.

When the path is clear and the fog lifted you will be governed by what you can afford and not by what your Bank tell you you should buy.

There are many strategies out there and it is a matter of choicing which path you want to follow.

Remember oranges and carrots are the same colour but taste totally different. 

Hi Peter

I would suggest  a combination of both is an ideal mix in any portfolio.

As Paul has mentioned wrapping or LTO offers excellent cash flow to offset the cash flow shortfall on higher capital growth properties.

Depending on which State you start wrapping in you could well find that your purchaser can give you your deposit for the next deal upfront from a combination of Deposit and FHOG.

Personally i would never suggest using a LOC secured against your parents property to fund the entire purchase price of a new IP however in saying that can understand why you have bought up the question.

Being self employed will have NO bearing on the deal you can obtain on the basis that your Tax Returns can show sufficient income to service the new loan.

I guess the other question which arises is if you only use 20% deposit then will this be a gifted deposit as i assume you are either a coborrower to the existing facility or a Cross Guarantee has been used.

Either way if you purchase using your parents equity and they EVER wish to sell or refinance/ borrow again they will not be able to unless you can restructure the loan now.

The rate is about right although i find most investors want more than just the cheapest rate going around this week they want to structure the facility to enable them to build a long term portfolio in their own names.

Of course without the balance of information it is difficult to comment as to whether the loan could be done elsewhere.

Steve True but we are talking residentially now lol

JHK – Hate to say your Broker doesnt seem to know that market that well as that is a standard part of the credit score process.
You are actually lucky that you might have a human credit assessor looking at the deal and not just a computer decline or approving it.