we are interested in purchasing a new PPOR.
it has been a very long time since either of us needed to arrange finance.
we are lucky to have no debt so plenty of equity in present PPOR and rental properties. we have a goodly amount in super but would rather not use that if possible. not tax free until after 60.
we would like to keep the present PPOR as a rental rather than sell but understand if we were to mortgage it to buy a new PPOR the interest would not be tax deductible.
that property is in my partners name, the other properties are in my name only. for landtax purposes it would be better if no further properties were in my name.
we would prefer to get equity out from only 1 property if possible rather than 2 or more.
we would prefer not to sell shares either because of capital gains tax.
what can we do and who can help us?
long ago we just went to the bank and organised loans from there, but now there appear to be lots of options.
as well as rent we have 2 other income streams one being employment but thats only parttime.
any ideas please.
it has been a very long time since either of us needed to arrange finance.
we are lucky to have no debt so plenty of equity in present PPOR and rental properties. we have a goodly amount in super but would rather not use that if possible. not tax free until after 60.
we would like to keep the present PPOR as a rental rather than sell but understand if we were to mortgage it to buy a new PPOR the interest would not be tax deductible.
that property is in my partners name, the other properties are in my name only. for landtax purposes it would be better if no further properties were in my name.
we would prefer to get equity out from only 1 property if possible rather than 2 or more.
we would prefer not to sell shares either because of capital gains tax.
what can we do and who can help us?
long ago we just went to the bank and organised loans from there, but now there appear to be lots of options.
as well as rent we have 2 other income streams one being employment but thats only parttime.
any ideas please.
