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Thanks Guys for your feedback. With regards the LMI, would the lender perform a valuation before deciding on this aspect

Rolf Just to clarify the 90% LVR includes the LMI payment I am a little nervous now given some of your responses Thanks for your feedback

probably trying to go after the best rate I am guessing

Hello A quick question to see if any brokers on the forum can advise on the best lenders who are lending 90% LVR for self employed - if any. I have been self employed for over seven years. All financials in order to fulfill a full doc loan. Looking at a property over a million and will...

Hi All I've been informed that Suncorp have changed their policy with regards using commercial property as security for a residential loan. This must have been a recent change. Currently have an application in to releases some equity in a commercial office which will then be used for a...

Gets even stranger with how much we get charged for a valuation Had office 1 valued recently - cost $1000 to value(nice round number, strange that!) We are just getting our second office valued in the same block, slightly larger, exactly the same in every way and we are being charged $850 for...

Thanks Guys. Terry - We are seeking legal advice on this but the forum is such a wealth of information it is always nice to get all views with this firstly. Thanks Aaron - that would make sense

We are buying a commercial property using a discretionary trust. On the actual contract I understand we need to use the Trustee Company as the entity purchasing the property. My question is what is the exact format we enter the entity name on the contract to ensure it is legally correct...

Yep understood. We operate under a trust structure with our business and we will be buying it in the Trust name. An issue I am having with the bank in order to be able to successfully claim the GST is getting them to supply the documents with the correct details on. The pre approval docs have...

Hi again We are looking at buying a commercial office at auction next month. The successful purchaser needs to pay 10% GST on the sale price. I understand we have to pay a deposit on the day should we win the auction but my question is at what stage of the buying process is the GST paid...

Thanks for your replies. We own and operate out of the commercial premise so we know for definate they originally did not show up It seems the valuation was never done in the first place. I think the issue is I am dealing through the bank's retail arm and they are then following up with...

Hi We are in the process of having a commercial valuation completed. We are being charged a fair whack for this valuation by the bank on a small office. Aside from the high fees for this and the fact the valuer didn't even visit the premises am I within my rights to ask for a copy of the...

Thanks Guys for your initial feedback. I agree that accessing the equity in the CP is the way forward. To this end I have researched a number of products and believe given the positive cashflow on the property that a commercial lease doc loan over 20 years will not only release the cash I need...

Hi Guys First time poster here. I am hoping there may be some good advice out there from forum member or at least some comments that may give me more 'food for thought'. Figures below to give you an idea of what I am trying to acheive I own a commercial property (office) returning around...