Dont help you Hans when you have a $106 Optus default or any form of credit impairment whatever it is. 

Terry is correct about his comment about fixed rate loans and offset accounts.

In saying this many of the mainstream lenders will offer this on their 1 year rates so could e well worth for peace iof mind.

Why not ring Leonie at CSM Conveyancing Beenleigh on 07 38079521.

She has acted for me on over 200 deals over the last 13 years and probably the same again twice over for clients of mine.

She is excellent in her service, competively priced and will certainly look after you.

Tell her i told you to ring her and she will look after you ……. or she will put the phone down on you lol

She looks after the whole of Qld.

if you only borrow 80% of the value of the property,  you should be able to get a morgage without a clause in it that allows the lender to claim against non-morgaged assets if you default on your loan. [ or even other morgaged properties].
also without having LMI to pay. – Hate to say it doesnt work that way. The Bank are not going to change their standard mortgage terms and conditions for you.

Anita

Many applications these days are lodged electronically so where you broker is located reallt makes no difference at all.

I have clients all over Australia and the world many of whom i have never spoken to or actually met. 
With the electonic age and internet /  email the world is certainly becoming a smaller place. 

The exception maybe if you are buying in WA where your broker needs to hold an appropriate Credit License.

Hi Anita

Of course it is wise to shop around.

Obtaining finance is like buying any commondity.

You wouldn't go to your local mechanic and get a quote to repair the car and if you thought it was a bit on the expensive side just get it done anyway you would get a second quote and compare what both had to offer.

Finance is similar however if you find someone you get on with and appear to now his apples from his oranges and can perform and achieve what you want then you would normally stay with them.

By the way there are a few lenders who provide No Doc construction loans depending on the post code.

In saying all this if you find someone who works well for you and they are professional in their apporach

Hi dead

On the basis that it is a IO loan you are being charged less interest with a 100% offset account.

Other consideration in refinancing is the cost of the LMI again. Unlikely you will get more than a 40% refund from ING

If they are already strata titled then this would a lot easier.

Why not just finance 3 with one lender and 3 with another.

Would be a fairly straight forward deal.

Hi Ben

Think you main problem will be the LVR.

Anything over 4 units on the 1 Title is considered as a Commercial deal and therefore cannot be mortgage insured.

This then limits the LVR to 80% or below.

If the 6 units are already strata titled then this is a different matter and certainly there are ways around it.

Other than see if the Vendor will leave some funds in to the deal for say 12 months your only alternative will be to consider private funding which will be more expensive.

On the basis that you register an ABN you could consider making application for a Nodoc loan where no evidence or declaration of income is required.

It is likely that you will need to provide between 20-30% deposit for each purchase as well cover the acquisition and refurbishment costs but this could be drawn from your existing properties if structured correctly.

In saying this there is nothing to stop you buying with your partner on a Tenants in Common basis where you could have his income taken into consideration yet you enjoy the majority of the profits.

Only thing to consider is the early exit fees charged by most lenders when it comes to buy, renovate and sell style loans.