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No idea, not something i'm too likely to come across to be honest but would assume for anything not written under Westpac LMI they're going to try and hit the client with the full premium.

Westpac have actually switched to QBE for their >90% stuff as of 2 days ago but still operating on Genworth tiers for some reason so $500k-$600k still much cheaper elsewhere.

Probably fair to say there's bigger issues than your age to sort out - being negative equity on 1 property which i'm assuming is cross-collateralised the major one as well as carrying a fair bit of 'bad' debt which you've identified as an issue going forward. As mentioned though given your age...

As Rolf said 45 should be fine - most lenders just want to see an exit strategy of sorts (i.e. can you fund the loan out Superannuation at retirement, is downsizing an option). In particular though if it's an investment property rather than an Owner-Occupied property it shouldn't be an issue...

I'd also be looking at using a different broker if I were you - one that will give you the right answers, rather than the answer you were hoping for.

Speak to a broker, particularly with your goals of buying future properties to get this cleaned up. You should be able to achieve the same result without cross-collateralising (i.e. get a term loan off your current property for $50k - 20% + costs estimate). Total balance secured by your...

Hi Theo, The broker can charge a service fee however it must have been agreed to previously. It's not a charge they can just decide to apply retrospectively. If your friend had agreed to it they should have signed a Credit Quote which should detail how much and what the broker will charge...

This - any broker who knows what he/she is doing will be able to ensure your application is submitted to a lender where it has a high probability of success.

The owner of the dragon may well consider it also if other aspects of the application are strong (as mentioned we don't know LVR as well as other important info).