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Hi Kim Sorry still in the UK on holiday until Thursday. Shoot me a reminder email at the end of the week and I will check for you.

PM The 70% lend is a Nodoc deal whilst the 80% is lodoc. 6.34% is actually pretty expensive for a 80% lodoc even without BAS & Bank statements.

Albertus Lodoc 80 with NO Bas or Bank statements can certainly be done at a lot lower rate than that. If you go to Nodoc 60 the rate comes down to 6.84%. Nodoc 70 couple of lenders but around the mid 8's.

The details i have seen suggest that the exit costs would make bridging an unviable option.

I guess given the fact that commencement of the National Consumer Credit reforms has been deferred by 6 months to 1 July 2010 there is plenty of time to obtain further legal opinion.

Hate to disagree but from the wording of the legislation I have seen it will. If a client has not completed his last 2 years Tax returns yet states to you he can afford repayments of XYZ then where no income is declared and he signs the declaration to this effect the advice of a prominent...

Hi Stu Yes it is MM and TK i agree ones License could be at risk depending on what it required on the application form. That is one of the beauties of lenders like SGB with their affordability statement over an actual income declaration.

I agree > 80% lvr things are tough however < 80% things seem to be getting easier. Next thing 105% LVR will back in fashion .... let us hope not. Havent got all the details just had an email this morning from one of the lenders. As Rolf mentioned I am sure the Rate will not be friendly.

Interesting to read this morning that one of our lenders has re-introduced Nodoc loans again. NO DOCS to 75% No BAS Statements Required No ABN Required No GST Required No Bank Statements Required No Accountants Letter Required Perfect for Non Residents Unlimited Cash Out Imapired...