Rob

Ok from what you mention all of the properties have rental income coming in.

Most lenders take between 75-80% of the rental income into consideration when working out your borrowing capacity however there are lenders that would take 100% of the income from your existing properties which would obviously enable you to borrow a lot more.

Other factors include the 2 lenders you mention will base your borrowing on a Principal & Interest repayment even though your loan may only be interest only and work out these repayments on an interest rate 1.5 – 2% higher than your are currently paying. Other lenders will take the actual interest only repayment at the actual interest rate.

Adding back some negative gearing will also assist you.

In a nutshell it is horses for course. Shop around and you will be suprised in the difference.

For non capital cities or regional towns their is a 0.25% rate loading.

Might be 75-80% LVR.

Hate to say Airlie Beach is probably not going to be acceptable.

Townsville is the only town other than Brisbane / CG & SC that is acceptable.

They may consider it on a reduced LVR but may also charge a higher rate  as it is a outer post code.

Sorry in answer to your previous question yes interest only is available.

For over a Million you may get 0.9%.

Remember not all lenders have the same variable rate. 0.8% off may only actually be 0.7% off the Banks SVR is higher than most.

Ok would need some details before i could tell you whether we could assist.

There is nothing to stop you having 1 savings account where all of the inflows go including your salary or similar which is a 100% offset account linked to one of the investment loans (assuming that you have no non tax deductible loan) and separate loans on each property.

By using different lenders for each property you may find that you are not able to negotiate as good as a deal as if you had a larger loan with the 1 lender.

As long as the loans are not cross collateralised then i cant see too much of an issue.

Your mortgage broker should be able to structure this correctly for you.

Great opening post Rodney.

Nice advert. Will you be contributing to the forum at all or just placing ad's.

Maken

I assume you are looking to buy a IP and hence the request for a valuer.

Why not get your broker to instruct a valuation on the property once you get it under Contract and ask him to provide you with a copy. That way at least you know that the same valuer can be used by your financier and you now the answer before they do.

As has been said there is no right or wrong answer.

Each individual client  has separate cirumstances and goals.

Advice would change for each client.