Hi
I posted this somewhere else but didn't get a reply so I will try again.
If anyone has made an NRAS purchase, in particular with QAHC, can you let me know which bank you used? NAB want to charge me a fee for their legal team to review the documents but I thought I saw someone else say here they went through NAB. If so maybe I can contact them. I understand that Bendigo and MECU are financing these but if anyone has any other ideas gratefully accepted.
I havent signed a contract or anything as I am in the research stage but certainly do not want to be dictated to by the bank and neither do I want to pay NAB to educate themselves on a new investment class! They are also talking cross collaterisation so I know theres a lot of opinion on that here! (which has been very helpful)
Cheers
R
We have a couple of deals going through the NAB and havent struck any problems to date.
Richard Taylor | Australia's leading private lender
thanks Richard
I thought that might be the case-I am dealing with Sydney office and it maybe that they havent come across NRAS much as its not gained much headway here. I assume that you go through Brisbane. If I have anymore trouble I might drop you a line. Also trying to work out how to structure loans, who's name to use , how much, etc etc.
Sooo much to think aboutPS The ATO have now issued a letter to QAHC which confirms that the tax credits will be passed on if it is a head lease situation. Interesting thing it says that this does not apply to trustees of family trusts AND husband and wife partnerships-implies that you may have trouble if a couple buy in both names. I wasn't going to do this but this might cause concern for some.
Cheers
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