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  • Profile photo of Richard TaylorRichard Taylor
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    @qlds007
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    June 3, 2014 - 9:24 pm

    Hi Property

    Sorry to hear about the state of your health that is never good.

    To be honest I think you will struggle to find any conventional lender go above 80% lvr with only income protection as evidence of income.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    June 3, 2014 - 9:19 pm

    Hi Neil

    I agree tight but doable.

    Had a couple of deals in from forum members this week which are 30 day settlements and they are both going to be right especially coming upto the end of the Financial Year.

    Just make sure your Solicitor starts the relevant searches nice and early as that is the last thing you need to slow down the process.

    Other than as long as you choose a lender that is on the ball you should be ok.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    June 2, 2014 - 12:46 am

    Yes a full application will be required.

    Even if the loan is portable you would have to have a simultaneous settlement with the sale and purchase happening on the same day and borrowing the same amount.

    Post NCCP you application would need to be fully assessed.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 31, 2014 - 12:55 am

    31 Degrees in Brisbane Thursday so warmer than most of Europe and it’s their Summer.

    Anyway who would go away when the World Cup is just about to start.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 31, 2014 - 12:51 am

    Terry is correct and only Financial Planners can provide you with a plan to move forward with your wealth creation.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 30, 2014 - 9:29 pm

    Specialist market wouldn’t touch them with a barge pole as an investment.

    Ru intending to finance and part of the purchase as it is very specialised market with very limited lvr’s.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 30, 2014 - 9:25 pm

    Hi Nathan

    What area of property are you looking for help with.

    Jacqui my business partner is based in Melbourne and runs the BA part of our business.

    We have helped hundreds of forum clients.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 30, 2014 - 8:44 am

    Mhhh Rajs not a good way to start moving forward.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 30, 2014 - 8:42 am

    JP I go every year for the European winter so still got 5 months in Qld before I leave.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 28, 2014 - 3:00 pm

    Hi Rajs

    Sure happy to email it thru.

    Would you like to give me your email address or probably safer to email me and I can reply. ( my address is as per below).

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 28, 2014 - 12:31 am

    My business partner from the forum here have now pre-sold 20 of the 24 units in our next joint development and moving straight onto the next sure so very excited,

    We have also just closed our 3rd Unit Trust which was so over subscribed it wasn’t funny.

    All of this in 5 and a bit months.

    Looking at kicking some further goals before I head off to Europe for my annual trip.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 28, 2014 - 12:25 am

    Hi SWH

    Homeside are fine however when you have multiple smaller sub loans with them it can be expensive.

    Depending on the price you are looking at for your next property you maybe able to borrow nearly 100% and yet still keep you funds in cash.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 28, 2014 - 12:19 am

    How much time do you have.

    No seriously I can count the Advantedge’s on half a hand yet the disadvantedge’s run to several pages.

    I wrote an article on the subject some years back in API so be happy to email it to you.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 27, 2014 - 5:39 pm

    Hi Catalyst

    That is incorrect and i have set up many a SMSF for forum clients with 50K.

    The set up costs are in the main fixed however as a percentage they are greater for a fund size of 50K than they would be for $250K.

    Everyone has to start somewhere and of course there is no legislation stopping 2 lenders lend to a SMSF to purchase a property or invest in shares etc.

    <moderator: delete advertising>

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 27, 2014 - 5:34 pm

    Hi there

    No hate to say the simple answer is no.

    It breaches the terms and conditions of the forum and would not be allowed.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 26, 2014 - 6:39 pm

    I am still unclear why you want to pay down the principal on an investment property when you are using it to buy your first home.

    When you buy your first home you are going to need every dollar you can lay your hands on as none of the costs or expenses will be Tax Deductible.

    Remember interest on a redraw will not be Tax Deductible and in fact could contaminate the deductibility on the whole loan.

    I am an advocate of paying down the principal on an investment loan however suggest this strategy is not adopted when you have or are likely to have in the near future a non deductible home loan.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 25, 2014 - 10:28 am

    Amp Bank are another one.

    If you own 10 properties they will not touch you full stop even if there are no loans in any of them.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 25, 2014 - 8:40 am

    Still not going to help you with the finance part.

    You would be able to go to 85% but no higher.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 24, 2014 - 8:30 pm

    One consideration would be finance as many significantly reduce the lvr on a Display Home whilst others won’t lend them at all.

    Just make sure what you are paying is market price and not an inflated figure built around the yield.

    Also check what it will rent for in the local market when the builds moves out.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    May 24, 2014 - 8:27 pm

    Ring a local Town Planner and they will give you the guidelines for the respective Council.

    I have Strata Titled over 40 blocks of units in Brisbane including timber units. Anything can done it is just a matter of cost in getting them to comply.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

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