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Thanks Corey I thought this May be the case. A bank manager lying?:D

Hi. To all those mortgage brokers out there when did NAB change their lending criteria (servicing and LVR) to meet APRAS guidelines? Have been told by my NAB branch manager today that it was April 13 and that's why a loan I went for in late April was declined due to the changes in servicing. Cheers

I've been here for a long time and have found this forum to be very helpful along my property investing journey it's sad to see it go.

To say Bendigo has peaked is a big call. I take it with a grain of salt those people who are suddenly experts in the Bendigo region. I'm currently not buying in Bendigo at present but to say it has peaked, never to rise again is full of xxxx. Bendigo was stagnant for a long time, it then...

Hi I've got a few places in Bendigo. Vacancy rate is definitely up and I've had a bit of trouble renting out a couple of my properties and recently dropped the rent on one to get it rented. That's ok though with the recent rate drops I'm still making money. I still believe that Bendigo has a lot...

Hi Peter and Jess, Thanks for your input. I now realise future servicing from NAB will be very difficult. As with others on this forum I will now have to look at those lenders that are more flexible with there servicing calculators and LVR. I guess that's we're Mortgage Brokers will come...

Hi Jamie, Going to have to definitely look at spreading my loans around which I will do once they come off fixed rate. My point was the NAB are introducing their new lending criteria in mid June. The reason I got for my recent refusal of an investment loan was due to servacibility...

Just a quick question from what I saw from a previous post NAB will bring in changes to their lending policies in the middle of June. I recently applied for a loan in late April only to have it refused due to servacibility. The banker stated that it was due to the APRA recommendations to tighten...

Hi Touristy, I managed to look at approx 9-10 properties. They included houses and units. I eventually settled on a property 9 Risbey Court. It's having a building a pest inspection done this week. I could have easily bought a further 3 properties but I'll see how this one goes and if happy with...

Hi, Just a quick summary of my quick trip to Mildura. Went there on Wednesday arriving early afternoon, had done a bit of research prior to going and had set up 7-8 appointments prior to going. I found all the agents I dealt with great and very free with providing information about the...

Hi, Thanks for your replies. I have made some appointments for tomorrow and Thursday. I would have been happy enough to go on Saturday but unfortunately I'm working. Hi Shawnee only to happy to hear from you about your experience:)

Hi, I'm thinking of going to Mildura tomorrow to view properties would love to catch up with someone there to discuss some of the properties available. Cheers Martin:)

I've won a jackpot in Norway I received the text only a few days ago all I have to do is pay a "consignment fee" via Western Union to a honest bloke in Nigeria to release the money. He also wants to introduce me to a widower who needs a bank account to release her funds to, I think I'm on a...

Thanks Watson for the advice. If he can't come to the party I will let him know that I will be opening it up to all lenders to bid for my business in 14 months time.

Hi Watson, They are only offering 1 refinance rebate of $1250. I have asked for 6 but they are concerned after outlaying so much cash I could move again, therefore that's why I asked for the 4 %.

Hi, Currently looking at refinancing 6 properties 2 line of credits and 2 credit cards from NAB to Bank of Melbourne. Current LVR on these properties is approx 75%. All of these properties are fixed and will be coming off over the next 14 months. Break costs are about $15000. For me to move...

Count me in as well

Hi Skater, Would you mind sharing your spreadshheet?:)

Hi Dave, Thanks for your reply. I didn't realize there was an exposure limit. I thought as long as I remained in the 80% LVR (my rule) and was able to demonstrate that I could repay the loans I would be right. Cheers Martin

Hi Rolf, You must be psychic. All properties are with the one lender we have been able to negotiate with the bank on three properties for 4.59% fixed interest only for only 1 year. We are cross collatarised as we borrow all fees in regards to buying property eg stamp duty etc. Correct...