Thanks Midsomer – i'm known for being pedantic so was just making sure that while it may have appeared obvious, i was just clarifying that this in fact was the case – especially given the discussion around cross-collateralisation… Thanks Tige – all good in that regard then!In relation to the Agreement, i would always recommend formal Legal…[Read more]

Oh, and just in addition to this…Loan A = PPOR (joint names), Loan B = using equity from PPOR to pay for purchasing costs (in fiancees name)Loan B cannot be just in Fiancee's name if secured by PPOR that is in 'Joint' names… Loan B must also be in 'Joint' names unless Tige acts as a 'Security Guarantor' for Loan B…Take…[Read more]

Thanks Jamie…  Please explain which part confused?  Perhaps it was just the lack of terminology used…Tige specified the need to 'Borrow the full purchase price plus costs & NOT to use any of our personal savings' yes?  ANDTo keep the properties from being cross collaterised, Loan A = PPOR (joint names), Loan B = using equity from PPOR to pa…[Read more]

Hi w8Couple of things here…1:  Are you sure you have a full understanding of the '6 year' rule re CGT?  If not please make sure you have your accountant explain thoroughly as it is not a simple 'rule'.2:  I would do what Richard has suggested and clean it up now ie make your properties stand alone if that's what you really desire.  In saying tha…[Read more]

1) Anz 95% lvr requires the borrowing to have held a retail lending product with the Bank for at least 6 months and it is 95% less LMI.Richard, ANZ cap LMI to 92/97% respectively…AVRANJES: She could always consider splitting her Home Loan to a 50/50 split or similiar.  I would leave a portion as Variable to allow for additional repayments that…[Read more]

Hi TigerTo keep the properties from being cross collaterised, Loan A = PPOR (joint names), Loan B = using equity from PPOR to pay for purchasing costs (in fiancees name) , Loan C = new loan to cover the cost of the house (in fiancees name). (Does it matter if loans A-C are with the same bank?)Let's just clarify… you wish to borrow 100% + costs…[Read more]