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Probably residential loan at maximum 60% lvr or maybe 70% lvr on commercial terms.

St george do a no end debt relocation loan (bridging loan). Thats probably your best bet.

If they paid it as a regular part of the weekly or monthly amount yes it could work but if it's a separate amount paid sporadically then no. I also think some states don't allow it either.

On a more constructive note anyone come up with any non banks with decent servicing besides Firstmac and ABL funded mortgage managers?

Apart from this thread I started you mean?

With the same lender usually only if there is a new loan account number created. This could be the result of internally refinancing such as splitting a loan into part variable part fixed. Or the lender directly increasing the loan and changing the loan account that way. It's not meant to...

Consider selling the land into a trust or company controlled by you all to avoid any financing issues. Tax considerations of course but may be fav

Great bond sell off this week = higher rates. Time to fix if so inclined me thinks. http://www.cnbc.com/id/102730551

1) Many lenders ie nab, Macquarie, firstmac have a hard lvr cap at 90% so 88% + lmi will generally keep you under that. 2) lmi is considerably cheaper at 88% than 90%. Often a $3-4k saving on average size loan. 3) some lenders price better if lvr is under 90%.

You are taking about becoming a lender and the markets would want the loans all nicely packaged up BEFORE offering the funding wouldn't they. I'm not sure I can see a way to do that considering all your clients would be with different lenders etc etc etc. You would need serious volume too.

If you can manage at 80% do that but would say if in any doubt do 88% + lmi on the IP's to start with and work back to 80% if you hit a road block.

This means virtually nothing. I'm always astounded by the comments bankers make to clients and how people react to them. You generally service or you don't and past repayment history really has nothing to do with affordability of a proposed new loan. It's a character trait similar to how...

I was referring to an example where the mortgagee tried to take possession of a property and the non defaulting guarantor objected. Regardless best a place to avoid.

If you read the loan offers fully they all say they can change anything about your loan without your consent. So really you are going off trust and the fact that there is competition for your business. Problem is what happens in a really bad downturn.

With Westpac group now using the new player it makes for a perfect storm for them. Jacking up premiums by 100% since 2008 was plain old profiteering and collusion so maybe they are getting what they deserve.

Nab changes... http://comms.nabbroker.com.au/rv/ff001fade9b9256437ca96a8cc42908500dabdfd/p=0 Maintaining prudent lending standards NAB is committed to maintaining prudent lending standards and fulfilling its regulatory obligations. The current low rate environment has helped drive...

It's a question for the magistrate when it goes tits up and their interpretation is not certain.

I will sometimes offer to cover $1000 independent of the new lender but only if it is fairly hefty loan amount in total and I like the borrower ;)

Ha ha yes very good

Agree with everything but this.. rents would rise in such a scenario as sellers became renters.