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Lodoc Finance Stevens recommendation of Pioneer is as good as it gets. Tonto out of Brisbane offer a similar product and their processing i find a lot better than Pioneer. Cheers Richard [email protected] www.yourstatefinance.com

Finance 60% is certainly obtainable. We can normally achieve between 70- 80% for our clients dependant on a few things. As it has been mentioned in a previous post ensure that you have your ITIN well in time for closing. Cheers Richard Qlds007 [email protected]...

Investor Chick As well as incurring additional stamp duty you may also trigger a CGT when you change the holding structure dependant on when you purchased the property. Ensure you weigh up all the +'s & -'s prior to any changes and if in doubt consult an Accountant.

I dont think you can go past Melville McGregor in Beenleigh who have recently purchased Ownit Conveyancing in the City. I have been a client for over 8 years and they have been involved in over 250 transactions for me during that time. Their contact number on the Southside is 3807 1522

I am not a great advocate of the product seen too much of it in the UK in the 80's and the effects in had on ppl. I prefer the cocktailing effect of a 90/10 loan with 90% of the loan through a standard lender who allows the balance to be borrowed by way of 2nd mortgage. Whilst you may a...

You might like to try the Rock Building Society. I have financed about 4 clients into blocks of units over the last 3 months and purchased 2 myself. Standard IP rates apply.

Any alternative is to use a lender who lends against valuation rather than purchase price. ARAF is one of those.

Guys thanks for the response. I guess i was more really wondering whether the mortgage brokers on the site had used such for emergency cases where the Sherriff was knocking on the door with a mortgage in possession or a client had 2 days to arrange funding etc etc and a short term bridge was...

Just a general question to all of the other mortgage brokers on the site. Do you find that you need to utilise this market much? I am aware of many lenders that offer this type of funding but not sure how much business they do. Guess there is a market but would be interested to hear...

Matt I am a co-owner in a Company called Moderneyes based in the Western Suburbs we specialise in bathroom, kitchens and small renovations to keep our contractors busy when they are not building or renovating blocks of units. If the property is in the Western Suburbs and you would like a...

Jacque Don't give up looking. We purchase all of our IP's, Development Sites or Wraps with a clause that advises the Vendor the Offer is valid for a period of xxx days and if we are not in receipt of their signed acceptance then the offer is withdrawn. Might upset a few of them but...

As a Company we have purchased and wrapped 151 properties of which over 130 have been with the same major Bank. Have tried 2 other lenders for the others and the level of service is nothing compared to the original lender. Rolf is correct stick with one until you feel enough is enough but...

geoff Endowment mortgages are still very popular in the UK especially as many lenders have affiliations or are owned by Life Companies. Halifax owns Standard Life and Bank of Ireland owns Bristol & West etc. I guess it boils down to the high paying commissions that Endowment policies offer...

Rolf is right most lenders will want to verify the income details by telephoning your employer to verify the details you have given. This can merely be a confirmation that you are employed to clarification of you the length of employment, position held and weekly / annual income. In the...

Why not get him to sign a Call Option with a 11 Option period and attach an unconditional purchase contract to it to be exercised on 1st July 2004. Pay the deposit as the Option Fee and this should satisfy the Vendor. This is common practise and a proceedure we use all the time in...

Another Lodoc link you might be inetrested in http://www.sapphiremortgageservices.com.au/rates.asp

I would agree with Rolf. 50% of the Lodoc deals we do in Qld are not because clients are not able to show sufficient income it is merely that the structures we have established whether it be a Trust or Pty Ltd are to complicated and probably not easily able to be understood by the average...

Fit I am assuming that you do not intend to sell more than 6 properties a year in Qld. If you do then you will be required to be licensed. Leaving a deposit in the property is how we stred Vendor Financing in 1996. Since then we have acquired and wrapped over 148 properties in Qld and...

Another point to consider is that you may place the Option in a Pty Ltd structure and then decide to sell the shares in the Pty Ltd rather than the property itself. As long as the Pty Ltd Company is not considered Land Rich then there will be no Stamp Duty payable as SD is not payable on...

To date we have completed and own 146 properties which we have wrapped all based in Qld. We have been involved in Vendor Finance since 1996. On behalf of investors we have completed over 100 deals. Happy to answer any questions prospective wrappers may have.