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Hiya Simon ANZ has that sucky 5 % policy regardless of LVR down to 60 %, and not just for Mortgage Insured Deals. Even if you have been given 20 % + costs they are still reluctant to do it. But then again thats where me make our living isnt it Simon, to find the niches. Ta Rolf

Hi Mike I have a simple motto which I ask my clients to consider: Choose a broker not a product Your point about how does a borrower know whats good and bad in my industry is a hugely valid one. Below is a bit of a checklist that one should enquire about when...

Hi Mike The main reason major lenders are anti installment contract is that when it goes bad they fear they cant recover security. A long term tennant has "rights" and so therefore does a wrappee, why should they be turfed because the wrapper has gone belly up ? At the moment there is...

Hi Mike Same as any other loan. When the loan is due to be settled and the title is transferred from wrapper to wrappee its a straight settlement transaction. Money is advanced AT settlement in exchange for a clear title, where the wrappee gives a mortgage to the incoming lender. It...

Hi Mike If the value is now 80 k, total lend at 80 % LVR is 64 000. Providing that the installments have been kept up to date and the wrapper is willing to support the application with appropriate documentation many lenders are likley to look at this as a straight transaction. Ta Rolf