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So far we have had the following: * Westpac group - Max 70% LVR for non residents. * Westpac group - Increase their buffer on all new and existing Westpac loans. * Macquarie - reduction in servicing for capacity for IO loans. * AMP - no more taking other banks debts at actual repayments...

Share and money markets are now tipping the USA will increase rates sooner rather than later....after 6 years of massive stimulus. Could this be the bottom of the developed worlds IR cycle? It feels like change is coming and could be a good time to fix now. Or I could be wrong again ;)

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I just stumbled on this gem. I have also posted on Steve Keens website as thought it might make a few of his followers explode. "At last we anchored within Sydney Cove; the number of large houses just finished & other building is truly surprising; nevertheless every one complains of the high...

Just thought I would share this with you broker colleagues. So I sent in a deal to the bank currently running the 4.69% campaign and 48 service level guarantee (now 4 days). Deal was 80% LVR, $700K refinance. Pretty straight forward one applicant PAYG main earner and the other was a SE...

Hello my learned Queenslanders, Was hoping someone would confirm what the correct name should be in this scenario. Its a QLD property. I am NSW based. Family trust set up with husband and wife as personal trustees (I know usually I would council to use corporate trustee but this is their...

http://www.smh.com.au/business/the-economy/rba-looks-to-tighten-screws-on-home-loans-20140924-10l9eb.html Looks like we may be in for some policy changes that impact investors. No more servicing other banks debts at actual repayments perhaps? Looks like they won't follow NZ and apply LVR...

From CBA this morning. "We are pleased to advise we have reduced our 5 Year Fixed Rate home loan to a competitive rate of 4.99% p.a. (comparison rate 5.62% p.a) under MAV". Wow that says something about the yield curve being very flat. As always fixed rates should be considered with...

Hi, Anyone had any luck lately with lenders allowing the Chan and Naylor PIT and the structure where they have the personal name as the borrower and the Pty Ltd ATF on title and mortgage. Same person is borrower, director of trustee, and unit holder etc If so please feel free to enlighten...

Just a heads up AMP are incredibly slow at the moment.

Just reading how the FHB figures have plummeted in NSW & Qld with the incentives only available for new dwellings now. This has brought out all the D & G's on Fairfax. The funny things is (to me at least) is I think the figures are probably wrong / overstated. I can't see how they would...

Hi all, Doing a loan ATM and just found out the vendor on the contract is not the current owner of the property:eek: So obviously the bank picked up on this when they did the title search. The vendors on the contract are builders. They have a contract in place with the current owners to...

So I get those real estate . com alerts for an area I like to keep my eye on. This morning a new property turns up and there was 8 photos. 6 were location shots, one was the backyard and just one was of the inside of the house (the living room). No external shots, no kitchen, no bedroom shots...

Just found this, didn't read the whole ruling but interesting to skim... http://www.lawnet.com.sg/legal/ln2/rss/judgment/13496.html?utm_source=rss%20subscription&utm_medium=rss

Hi Guys, Anyone familiar with ACT conveyancing / stamp duty rules in regards to adding a wife to a contract which is currently just in hubby's name. It's after exchange but prior to settlement (as is an off plan purchase stamps have been paid already).

With ANZ's sandstone, AMP's upfront valuation system and Valex (Cba and Homeside) all being owned by RP Data do you think you would get different Valuers if you ordered valuations with all lenders at the same or near the same time (assuming all valuers or on all the lenders panels)? I guess...

- Customer estimate 1 month ago $555k - My figure for Val purposes $560k - Full Val done 2 weeks ago valuers figure $560k - Auction last Saturday sale price $553k Just one example of a valuer not always coming in 10k or 5-10% under market as is some people's assumption.

Hi, Got a lender wanting a guarantee from a trust which has raised the following question.... "In NSW can a discretionary trust borrow money itself ie not the trustee "ATF" but the actual trust itself?" Normally the trustee would be the borrower on behalf of the trust but curious can a...

http://www.youtube.com/watch?v=pGMOhOYvcw4&feature=youtube_gdata_player From the Super Bowl half time commercials. From despair to optimism. From optimism to recovery?

From the Sydney Morning Herald -Housing steadies: home loans rise again October 12, 2011 - 11:38AM The housing sector is stabilising as talk of an interest rate rise wanes and Australians are encouraged to borrow more, economists say. The number of home loans approved in August rose 1.2...