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Hi Serenas, I'm a beancounter, which is why I was so excited with St George 90% no LMI!!!

I would like to thank you Jon for helping me out here mate. Jon graciously gave at least half an hour of his time dealing with my private messages and on the phone and the end result was he was correct about using trusts and 90% no LMI for St George. As a result, I avoided having to sell 50k...

Hi Jon sorry that may have come across as argumentative. I'm genuinely asking because I am told I jumped through all hurdles including income and was told in final hour that I could not access this deal buying through a trust. At the time I was in hospital recovering rather major surgery and...

Hi Jon, Are you saying my broker got it wrong with St George? I have to be honest that would frustrate me. These guys are a flame broker with a large brokerage firm in the city.

Heh, good to know, they just couldn't really explain why. I found it a little odd. Not the end of the world! Thanks,

Criteria are theirs to make, but it seemed a bit harsh given I satisfied all theirs as an individual, and still essentially responsible for the loan anyways as it appears even if the purchase was through the Trust. Not the end of the world, just seemed a bit odd.

From what I understand with St George however, they only allow the 90% no LMI if the purchase is in individual name, NOT purchasing through Trust, even if sole trustee satisfies all the criteria. This ishappened to us with our last loan through a St George Flame Broker. I was all excited as...