Dean had you thought about taking one or two away to someone else.

Not every valuer is the same.

Have a couple of deals on my desk at the mo where one lender has valued the property at purchase price – XYZ so we took the deal to another lender inisting on another valuer and they have come back bang on the purchase price.

As YI said not every valuer is the same and they are not always right.

Thankfully my LVR is extremely low across my portfolio but i would never be afraid to look at moving a property away to another lender if i thought the low valuation from my current lender would hinder me going forward.

Depending on the amount of discount you intend to offer them (which i assume would be fairly substantial)  wouldnt you be better off to get them to lend you sufficient funds and take a 2nd mortgage.

Even if you capitalised a years interest upfront you would have to better off especially if you feel this is a short term problem.

Certainly would want to have a decent deposit these days as these babies are small and financiers just love em !!!!!

Andrew

Of course other option would to take out a shared equity loan and only make repayments on 70% of the purchase price of the PPOR.

If you have 10% deposit (and you do of course) lender would provide interest free on 20% (STC) and take their return by way of 40% of the capital increase.

Just frees up more funds month to month to fund IP and deposits.

Hi Jared

Welcome to the forum.

Without being funny your Accountant will have very little idea on what is out there in the lending market.

Certainly he can advise you on Tax effective structures and look at ways to reduce you cash flow but as to how to structure a home loan he will be a fish out of water.

There is no point in paying out significant $$$ in advice fees or set up costs for expensive structures if you can finance the deal correctly.

Depends on how complicated the structure is.

Simple personal Trustee probably look at a draft deed and do it yourself but if you where in doubt get your Accountant to do it.

As Terry mentioned lending policy much the same but only difference would be the application costs and the interest rate.

Most but not all lenders wont discount their interest rates with a Corporate Trustee.

Gary you are getting closer.

Might be a family friend this mortgage broker of yours but why not drop Terry a line.

He is in NSW but would cover Melbourne.

Remember this day and age most deals can be done by email / interest / phone or fax.
Most applications are lodged electonically when it comes to assessment.

Might as well go with someone who has excellent experience in dealing with investors and investment structures.

Thanks for wrap Pete.

To be honest life is easy with such a good client like yourself.

Seems a bit dramatic to change the ownership just to enable their son to do some renovations.

Why would you not get them to tell you what they want done and you merely project manage it from here organising trades, architects etc etc.

That way they dont incur Stamp Duty and possible CGT is it is not the principal place of residence or their is no prior exmption in place.

Hi Matthew

Hate to say it wont be in the NAB's interest not to cross collateralise the securities for you and they certainly wont want to tell you how to do it.

If you have a mortgage broker on board he can show ways around it as the NAB line of credit or similar is not attractively priced.

A Deposit Bond is normally provided by an Insurance Company and is basically treated like a new loan application.
They will want to see a formal approval from the lender before they release it but this is normal.

The NAB may have just offered you a secured od facility or similar unsure without all the details.

Either way i would be avoiding the X collateralising like the plague especially with the equity you have.