How many valuations did you order? Did they all come in low?
What is the problem you had run into, could that potentially be addressed? A month is a fair amount of time.
Depends on the lender, generally, they will only accept 80% of bonus income and will need two years payment history, but some will take 100%.
Sorry guys, I'm out. Too much work on at the moment :(
Unfortunately for @RS Gumby I think this is a good cautionary tale when dealing with online lenders. The potential implications of this are massive.
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Ron has gotten quite a few...
+1 for this.
If you want a local property lawyer let me know.
Wow, that's not cool.
I'm still doing spouse as co-borrowers without any trouble. Maybe you just picked the most risk-averse bank to apply to?
It would depend on what is in the contract.
Are they a solicitor or a conveyancer?
Has something about your situation changed which makes you...
I'm about a 75% for this one.
I think all the brokers that have commented on this thread would know exactly how to do this. Would probably save you a lot of time.
If the loan is <$150k I could see this being the case.
You should have a good shot getting the build done assuming NAB has done their assessment correctly. Just need to go with a more generous lender ;)
If it works with NAB and you need an additional $200k for the build this sounds fine. Would need to get in now and potentially jig around the...
There is not enough information here, what's the plan with the PPOR long term, will you be buying more IPs in the future, shares are a long term hold?
I send all my development clients to Michal at http://www.mjaa.com.au/ he's incredibly knowledgeable and has been able to get a couple of my...
Ha ha, good point. But some are not as bad :p
Not necessarily, I think most brokers have a mental picture of the lenders that have 'screwed' them in the past and we steer our clients away from...
Athena and Tictoc are both quite new so I can't really give an opinion either way. Loans.com.au has been around a bit longer, and I do quite a few...
Have you looked at what happens when the subdivision is processed? As a general rule, the ownership is carried over to the subdivided lots, so you...
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