Securitised lending dominates the US Finance landscape and gives access to capital for many institutions.

Australia is a lot smaller market place but the concept is similar. Retail lenders rely largely on deposit to funds their mortgage book whilst a wholesale lender can raise funds using a different platform.

To be different many of the lenders bring inovation and new product to the table to attract business and as Simon mentions have a place in the market dependant on your circumstances and requirements.

Remember the lowest interest rate product is not necessarily the best loan for you otherwise we would only have a few lenders in this Country.

A Broker can take note of your requirements and tailor a product to suit you now and into the future. His / her recommendation may include a wholesale lender depending on what you want out of your loan.

Its a free service so why not get someone else to do the legwork for you.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888

Wes

Sorry to contradict you but this is not correct

It is compulsory for every employee to have a Super fund and employers must pay contributions for them. It’s as simple as that.

The following employees are not covered by the Superanuation Guarantee Act:

1) Employees who earn less than $450 / month.
2) Employees under the age of 18 and working part time (less than 30 hours a week)
3) employees aged 70 and over.
4) employees who elect to be exempt because their accumulated benefits are in excess of the Pension RBL.

Point 4 above has been super seeded by the May Budget.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888

Hi Deb

For your information a provider of Vendor Finance in WA is required to hold a credit license and may have more rigid serviceability terms than standard lenders.

If you want to give us a little more information I might be able to suggest a few traditional lenders who would consider your application.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888

Yes after the relevant qualifying period you certainly can but you:

1) Would occur Stamp Duty on the Transfer
2) When sold maybe liable for GCT
3) May trigger a Land Tax liability dependant on which State you are talking about.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888

Vivy

Assume that you have a property for sale for $100K and that your buyer has a nil deposit.

One alternative is a 100% loan from a standard lender but in many cases the costs associated with such a loan means that the buyer will still need to have some monies up his sleeve.

Let us assume that you tell your potiential buyer he can arrange a loan for $90,000 and that you will allow him to pay the balance of the purchase price of $10K over a 5 year perdiod.

By doing this his costs are reduced as the Bank consider it to be a 90% LVR and this makes it more attractive. You secure your 10% byu way of 2nd mortgage and in some cases actually assign the First Home Owners Grant to you (after costs) to reduce your loan balance.

If you are the Vendor then you may charge a rate similar to a Bank loan in many cases dependant on the property and the client we charge upto 14.25% on the 5 – 10% and the overall loan is still attractive.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888

Snowflake which part of the Country are you and the prooerty in ?

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888

Must admit Ben don’t know too many who will do 90% without income proof for us FN’s.

80% is a breeze full / lodoc.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888

Hi there
On the basis that you owned and occupied the property as your Principal place of residence then you will not be required to pay GST on the sale as it will not be classified as a new home but a second hand dwelling.

Had you built the house as an investment then the answer would be Yes. You would however probably applied the Margin Scheme and claimed all of your GST credits along the way.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888

Try CGU they do blocks of non strata units so shoudl do dual occup.

Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888