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All, It's a condition that is added to the Strata Title with text like ""subject to the provisions of SEPP 5". It's good for developers because it means they can build larger developments on sites with quicker approvals for construction. The hard part is getting finance for would be...

I've got clients who are not over 55 but love a property that is Strata Title but under the conditions of SEPP5. I have been told that ING can lend to 80% but my clients need more. Are there lenders who can do better? Smitty

Given that the average loan life is less than 3 years, I tend to dissagree with Rolf, and believe that Westpac will do quite well getting new business with this announcement. Will watch with interest on how they go.

Thanks Rolf, all good info. You could be right in assuming that the speaker last night ultimately was selling her finance (non-bank) and was just doing a bit of bank bashing. Thanks for the thoughful reply anyhow.

More on 'All monies clause' I attended a positive geared property night last night where a lady (assume broker) spoke of her experience and that of another that will soon be in the media. In her case, when she first married and they applied for a home loan from Bank X, the bank said no. So...

Derivex, from my understanding, is a bond issuer. i.e. investors pay capital (cash) to buy bonds Derivex offers, i.e. fund raising. Derivex raises 2.2 times the funds they need to fund a given loan. The example given by Derivex is that for a loan of $500K Derivex raise $1.6M, of which $500K goes...

Queenslanders Credit Union - Queenslanders Lo-Doc is only for Self employed with ABN, or trusts - Repayments are made either by direct debit, internet or via National Aust Bank. Note: DD and Internet are free, where the deposits via NAB costs $4 per deposit

Correct me if I'm wrong, but I believe the 100% loan from St George is only for Owner Occupied (ie. not for IP). Regards, Steve Smit Mortgage Consultant Australian Mortgage Brokers [email protected] www.amortgage.com.au

Hi Charlie, Here is what I got from Homeside :- "Valuation" component Ask for quote. Property value > $1 miliion - A special valuation fee is payable for each property which is worth $1 million or more Variation Fee $300 To vary an existing loan contract, change from one mortgage...

Bank of Adelaide No LMI up to 76%, 80% with GE & PMI up to $1M on one property up to $1.5M on more than one security 7.82% (+ 8$/mth admin fee) Or, Queenslanders Credit Union Uses GE or PMI up to $800K (using PMI) 6.9% & no admin fee ! Note: both allow Interest only payments ...