You could otherwise do a cashout against existing investment and buy the student accomodation without encumbering the title - no cross coll and...
With any lenders that I know of who are adjusting borrowers loan type actively I have not seen or heard of any penalties being applied if you...
Ask random people on a forum to recommend random lenders without consideration of your needs, goals and ability to borrow OR speak to a broker...
A couple things you need to do ASAP: Switch the loan to a product with the lender which will allow you access to an offset account so you can...
Not a problem - shoot through an email.
Still plenty of lenders allowing it - the main reducing availability of guarantees has been in: the types of guarantors allowed (ie you used to...
The main issue with self managed properties comes down to verification of rents, than the actual rental amount received being reduced. Where this...
The concept you've noted is sound - the issue others have noted is using a LOC specifically. LOC's unlike standard term loans can and are much...
Those loans were called in when CBA bought Bankwest - what does that tell you about the inherent 'safety' of being with a Big4 vs smaller lender? ;)
Silly games like this will be weeded out over time - the GM for third party with CBA has noted previously that they're looking at working on...
The fact that you've said you'll buy another PPOR in the future and retain this as an IP - i'd leave it as is. Whilst that psychological factor is...
Borrowing capacity is granted on total cash flow position - deposit amounts are based on risk mitigation for the lender in case of foreclosure.
Banks don't really care about the cash flow - their risk is always based on how long it will take to sell the property in case of foreclosure....
The actual price point would have nothing to do with it - financed huge amounts of cheapy properties and the lenders aren't targeting that. It...
Extending interest only comes down to be able to qualify for that same loan within serviceability based on the remaining term, or refinancing it...
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