Recent content by Lofty

  1. Lofty

    Inaugural Brisbane FBAA Vendor Finance Meeting

    Hi All The Queensland Inaugural meeting for the Vendor Finance arm of the FBAA will be held on the 30th of April. We were lucky enough to get the registration link early but not early enough, half the seats have already sold. If you are in Queensland I would suggest you book in early as this...
  2. Lofty

    FBAA Vendor Finance Meeting Dates

    Don?t miss this exciting opportunity to network with Vendor Finance Professionals in a truly inclusive, community atmosphere. The Finance Brokers Association of Australia (FBAA) and its Vendor Finance Steering Committee would like to announce its Vendor Finance Meeting dates for the...
  3. Lofty

    Mortgage Broker - Vendor Finance

    Hi Ben I'm unsure if it's ok to give out contact details here but, if you PM or email me, I can refer you to two very experienced vendor finance mortgage brokers who are familiar with Deposit finance transactions. Cheers, Paul
  4. Lofty

    Vendor Finance

    Hi btc I've sent you an email. Cheers, Paul
  5. Lofty

    Vendor Finance

    As Ausprop says we also make income from the interest rate marging we charge. All in all there are normally three points in a vendor finance transaction were we receive money: a. The VF buyers must pay a minimum deposit. b. The positive monthly cash flow, prior to the VF buyers refinancing...
  6. Lofty

    Vendor Finance

    Hi btc Back in 2003 when we started in Vendor Finance (VF), marking up a property by 20% over market price was the standard. How things have changed! Our standard way of pricing a VF sale these days is to do an auto-valuation on RP Data. The valuation then comes up with a low estimate, a...
  7. Lofty

    Vendor Finance

    Hi Ausprop Couldn't agree more. Cheers, Paul
  8. Lofty

    Vendor Finance

    Like Richard we do quite a lot of business helping owners sell there properties with vendor finance. It's a great way to get a premium price for your property but, as Richard mentioned, only if you can trade off some time, i.e. you don't need all the money now, for your next property. our...
  9. Lofty

    Who wraps? Need advisor ASAP

    Hi Kitti All the Instalment Contracts I've seen, have two methods of adjusting the buyer's interest rate: 1. The buyer's interest rate is 'locked' to the underlying loan rate. The underlying loan rate is generally called the Indicator Rate (or Reference Rate). This means the buyer's interest...
  10. Lofty

    Who wraps? Need advisor ASAP

    First of all I'd like to agree with Terry, i.e. make sure you're clear on the benefits you believe selling with instalments will bring. With more and more people deciding to sell their properties with vendor finance (VF) Instalment Contracts or Deposit Finance, quite a few are opting for...
  11. Lofty

    Who wraps? Need advisor ASAP

    Hi Kitti I'll assume by Wrap you mean you'd like to sell with an Instalment Contract (the name of the legal paperwork that makes a Wrap work). I'll also assume the 'couple' you mention would be classified as 'consumers'. An Instalment Contract (IC) is a credit contract and because you are...
  12. Lofty

    Consumer Protection Western Australia

    Hi Rick Thanks for your post. As a full time vendor financier and one of your ex students I found it fascinating. Good luck to you and the WA law society for backing that young fellow. It's always been interesting to me to see how vested interests react to new ideas that threaten the status...
  13. Lofty

    Advice on controlling property without purchase

    Hi T&T How much cash does he need? Notice I didn't say 'want' ;-) Cheers, Paul
  14. Lofty

    Consumer Protection Western Australia

    Yes, the flow on effect to the seminar circuit may be interesting. Cheers, Paul
  15. Lofty

    Consumer Protection Western Australia

    Yesterday the Consumer Protection WA issued a press release regarding Rick Otton. In the interest of hearing both sides: - The WA Consumer Protection press release is at; CLICK HERE, and - Rick Otton's press release is at; CLICK HERE Cheers, Paul
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