Forum Replies Created

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of relphyrelphy
    Member
    @relphy
    Join Date: 2007
    Post Count: 2
    September 25, 2007 - 12:49 am

    Hey Todd,

    It is good to keep your properties seperated out from each other & not have them cross-collatoralised (one securing the other property). If you default on one loan they have the option to sell both properties up. If you have 20% deposit plus fees then it is best to seperate the loans with different lenders.

    As long as you have the equity & the income you can shop your deal around verious lenders & there are some great 'deals' around these days.

    There can be an enormous difference between lenders & how much they are willing to lend you. Amounts can very by as much as a couple of hundred thousand dollars. It is best to get advice from a broker as the advice is free & you can benefit from their knowledge.

    Regards,

    Robert Relph
    Diversified Financial Solutions
    205/1 Princess Street
    Kew Vic 3101
    Ph: 1300 001 003
    Mobile: 0422 019 282

    Profile photo of relphyrelphy
    Member
    @relphy
    Join Date: 2007
    Post Count: 2
    September 25, 2007 - 12:34 am

    Hello BMW330CI,

    There are approximately 7 lenders that I am aware of that lend on taxi plates. Of these, 2 will do low doc loans on taxi plates. The highest LVR is 70% of the industry market value. I hope this assists.

    Regards,

    Robert Relph
    Diversified Financial Soluitions
    205/1 Princess Street,
    Kew Vic 3101
    Ph: 1300 001 003
    Mobile: 0422 019 282

Viewing 2 posts - 1 through 2 (of 2 total)