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Hi guys, I'm still alive and kicking :o) Talk to many of you on the ph, but unfortunatley time isn't my friend when it comes to the forum. I'll give Kane a call and say G'day. As far as beers and glass's of red go I'll see what I can arange. Ed

Residetial LoC's are reviewable and we do our fair share, have I seen a client have theirs reviewed? No Commercial LoC's /o'draft's / business loans yes have seen them reviewed annually, it is part of te deal. Here's a trivial example, I have a bank g'tee for my bond on my business...

Slasa, Annual reviews are common with commerial lendings and Self Employed applicants. Strongly advise to avoid annual reviews. They can change rate margins terms, what ever you like. Remeber the bank is a tool to get you where you want to go. Keep the cards in your hands and don't play to...

Poppy, That should fly through. Ask the broiker how the servicing model was. Was it lean or was there and abundance? If you went direct, rattle their cage, ask them *when* will you know if the appln is apprv'd. Tell them your train is moving and you have no tollerance for tardyness :)

The novated deed is three ways, employer, credit provider and you. Your employer signs to say they will pay the pmts for you for your widget from your gross income whilst ever you are employed there. Your benefit is you pay less PAYG tax, employers benefit is a reduction in Payroll tax and...

Poppy, Sometimes it is a challenge, other times it isn't. It depends how long you have been a contractor and what LVR you are asking the bank for. 2 years as a contractor and 80% no sweat. 6 months and 95% a challenge Westpac are a good lender with contractors is the answer I think you...

It is not uncommon for mortgage managers to sell some of their book to another for avariety of reasons. raise capital, reduce rsie etc. Recent sale was HSBC's book to first mac. Your rates would usually remain the same, just a different name and company taking your money.

PMC, Yes StG will do studio's no risk. And they are doing one of the buildings in the said complex. However I'll bet that Willy's friends isn't in that complex? The main issue with these studio's is the lease it is for ten years to the YMCA, and the banks don't like that because if they...

Willy111, Are these the same studios that are leased to the YMCA for 10 years? Have done one in the previous release and doing another Oct/Nov. Placing them with a boutique balance sheet funder out of BNE, 80% LVR, 8.7% Is a case by case lend though. Cheers Ed

Simon & Julie, Cricky ! Thank you for your kind words. (Very kind Indeed) I'm very humbeled, but some of the credit must also go to you both as well because you always supply us everything we need in one go to execute the loan in the shortest possible time. That makes a difference, a...

Derek, I reckon like Rolf you have it about right. Take your PPoR to 80% LVR total of the two loans. Buy your IP with the Deposit & Acquistion costs from the new LoC. By having a $320k LoC you'll be able to manage your cashflow much easier during highs and lows. Remember to keep the two...

Mal P, The Lmi % is calc'd against the Net Amount Financed (NAF) as a %. So to answer your question... @ 86% LVR is .75% of the NAF < $300k @ 95% LVR is 1.71% of the NAF < $300k Higher the LVR & higher the NAF then higer the premium. Example if you were borrowing bettween $500 -...

Hi All, Just off the ph from the BPU & the branch network have it from today, so your friendly broker should have it shortly. Discounts not as good @ 85% but your broker will show you a way to get around this :D

The wheels have fallen off in Syd...

Full loan application :mad: Give 132558 a call and see what they say or get your broker engaged.

St G are great as a set & forget lender, but as Rolf L says, sneeze, cough or ask questions and be ready for fee's. But hey you knew that because it was in your loan docs when you read and signed them, you did read them didn't you ? :eek:

Rixter, Unless WBC have changed lending policy (which I heard was on the cards), and you have a LoC with them & want to fix the loan, it needs to be re-origionated, ie run back through credit with a full loan appln done and new docs issued. This goes for fixing or converting to a term loan...

Hi All, I'm with Rolf S's last post. As you can see in his post X/coll isn't a problem until it becomes a problem. Most common time that I see it becomming a problem is when you find a real good oppertunity, and your existing funder won't / can't help. Then you'll realise what sort of...

Geoff, Cheers for that, I will have to approach the relative people to see if they will give the green light. Ed

Mark, No luck, not even a hint of someone having spare pix. I thought it would be a certainty, IP site & all Oh well, will just have to pay for stock Ed