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Get a Private Ruling from the ATO and then you can rest easier.

or Adelaide but BEWARE there are lots of lenders offer a partial offset on fixed rates and generally not worth a stamp.

Just to further clarify - the lenders will consider it a substantial renovation if there is any change to to the roofline: ie extensions, new room, new level etc. The biggest trap is if you run out of funds before completion especially if you have not disclosed the plans to the lender ( read...

It is already happening just today ANZ "For customers with Investor only lending: ANZ will only offer advertised rates, discretionary pricing will be not be available " and Bankwest ( CBA ) "The maximum Loan to Value ratio (LVR) will be 80% for any loan for investment purposes, including the...

Only applies if rates keep falling - once rates are back on par with what you fixed at there are no break fees as they are based on economic cost.... and rates will return to normal remember just 3 years ago 6.30% was a good variable rate. The current rates are record lows - it is called a...

Sorry forgot to mention - make sure you don't claim any capitalised interest. I would get some good advice before you proceed - BANTACS have an interesting series of articles on this.

You mean from a tax advantage point of view rather than lender's policy.

ME Bank are not junk, they are a good lender for the right clients. They can be quite flexible when it comes to policy.

Sounds like the original advice for HDT may have been quite a few years ago when they were all the rage or your advisor is out of date. As already stated most lenders won't touch and even if they would your daughters cannot borrow using the trust, only the trustee or its directors can sign the...

Any broker can read their policy documents - it isn't a secret. They simply have a policy attitude that fits a market segment that we have focused on for over 14 years - a segment that would rarely read Somersoft and one that most brokers ignore which suits me fine.

"Click bait" bite your bum - I am entitled to post and have done for many years. Unlike some I do not comment on every post - only when I have something I think is valid to comment.

Love - hate for me. I recently bagged them for slow response on AIP to unconditional ( mainly valuation delays) and then on recent application they had the mortgage docs issued before client had completed building inspections :( Very flexible income and other policy for PPOR - shame they...

Correction Peter you wrote "ING doesn't allow any extra repayments on fixed rates either" I quote from the current ING Fixed Rate Loan Product Sheet "additional repayments of less than $10,000 in any 1-year period without incurring break costs" From memory it has always been the case

Adelaide have a great bridging product that even allows fixed rate bridging as long as your equity permits

If you are on the eastern bay side - Laurie Gardner at NoFuss Home Loans is a very straight and experienced broker.

Adelaide are a good lender, good service and some nice products. I have never had a full doc customer complaint. I have had one low doc customer complain. I can't say that about many other lenders.

Expect some disappointment in life.

Yes you can always rely on State Governments to turn back the clock. WA and SA have similar requirements but there are some loop holes. You know you can give evidence in court over video link, you can get expert medical advice over video. I set up a video conferencing trial across remote...

With over 14,000 customer inquiries and many hundreds of loans I never met a client face to face, in fact I never met any of my staff face to face in over 12 years. We have clients all over Australia, UK, Middle East and Asia - this is the 21st century after all, although CBA haven't woken...

Recently got 1.30 on a $3million single security 80% LVR