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Thanks! :) I actually stayed up half the night last night reading your development thread! :eek: wonderful thread, couldn't stop reading! I really hope you do well with the townhouses, and I think you will, great that they're cashflow neutral already :) Yep, that's our main issue, most lenders...

Haha, no it's not Rolf. TheFinanceShop - yes, we would look into another lender, most definitely. Or I'm thinking more and more now maybe moving some of the properties rather than all......Can mortgage brokers do personal business loans? We've gone to our usual broker, who I really like as...

Oh, and bank has already done all the valuations.

Thanks! We are already serviced to the max resi loan wise (from my understanding at least), and the only way we can use the profit share income we will receive once investing in the business, is to go business loan (I think at least??). Resi loan can't use that income (future profit share)...

I think with what they've done, we're going higher than 80% (looks about 83.5%), but not paying more LMI, there's no LMI in the business loan dept apparently? This is probably why we need to x-coll? So will look something like this Total property value: $2.040M $1.326M existing (6 home...

Also, meant to add, all our existing 6 uncrossed loans would remain as is (assuming we stayed with ANZ, but I'd try to do this even if we moved banks, what a nightmare haha!)

It will be one separate loan (based on the increased equity) against the 4 properties - so when it's paid back, they would be uncrossed again....is this what you mean? Or do you mean as in 4 more separate loans (1 using each property?). Would they do this for personal business loans? I think...

Oh we'd LOVE to secure against the business, and keep the properties out of it totally, would have done it years ago if we could, but we can't - the company (pharmacy) my husband is a partner of (and buying into) won't allow it, no one can secure against them :( so it's not an option, and...

Hi Financeshop, Yes, they are using the equity in our 4 properties as security......we've been really good so far as to have all 4 properties completely separated (no x-coll at all) - but this business loan will be secured against all of them.....not so great but I'm not sure if we have any...

Hi all! It's been awhile since I've been on here! We've been busy building our family investments (liabilities ;)) over the last few years, hehe, but ready to get back into our financial investments again :) Abit of background - We are looking to put money in my husband's business...