Terry’s Loan Tips

Loan Tip: Different Types of Valuations that Lenders Use Loan Tip: Different Types of Valuations that Lenders Use


Loan Tip: Applying for more loans before other approved loans settle Loan Tip: Applying for more loans before other approved loans settle


Loan Tip: Getting an Approval without Risking the 0.25% Cooling off Fee (NSW) Loan Tip: Getting an Approval without Risking the 0.25% Cooling off Fee (NSW)


Loan Tip: How do You Pay One Loan With Another Loan? Loan Tip: How do You Pay One Loan With Another Loan?


Loan Tip: ‘Accessing Equity’ When on a Fixed Rate Loan Loan Tip: ‘Accessing Equity’ When on a Fixed Rate Loan

 

Loan Tip: How paying LMI can Improve Cash Flow in the Initial 5 Years Loan Tip: How paying LMI can Improve Cash Flow in the Initial 5 Years

Loan Tip: What is Loan Recycling?
Loan Tip: What is Loan Recycling?

Tax tip 342: Tax Issues with Loan Recycling
Tax tip 342: Tax Issues with Loan Recycling

 

Terry just wondering about the possibility or practicality of using a college lease as collateral . May seem like a silly question as it is more a service ability (income) play. But it doesnt hurt to ask or know these things.

 

It is possible to mortgage a lease, but I know nothing about any lenders willing to lend against something like that.

 

Thanks Terry. I would have thought you could mortgage the house as you own the house but not the land.

 

You own the land but not the house! Have you ever noticed that the sale or purchase of land is done under a contract for the sale of 'land'. You buy the land and house is part of the land, it is attached to it and is incorporated into the land.

 

No you dont, you cant own the Land on a college lease if you did then you wouldnt have to lease it and it wouldnt be a college lease. The council owns it or at least controls it to fund schools. You only own any improvements on it. And yes I have noticed on contracts the land is not included in the sale of the property and is subject to lease fees, this is one of the most important details to look for in contracts.

 

If you are talking about a lease then no you don't own the land.

 

A College Lease is where you lease the land from a financial endowment ( legal structure to manage real estate to the will of the donor)

 

That sort of lease could still be mortgaged.

 

Loan Tip: How Lender Valuations can Vary https://www.propertychat.com.au/community/threads/loan-tip-an-example-of-how-lender-valuations-can-vary.57953/

Legal Tip 333: Can a lender Come After Other Assets of a Borrower? Legal Tip 333: Can a lender Come After Other Assets of a Borrower?

Loan Tip: How to Have Joint Ownership But Separate Loans Loan Tip: How to Have Joint Ownership But Separate Loans

Loan Tip: Restructuring Loans in Anticipation of ‘Retirement’ Loan Tip: Restructuring Loans in Anticipation of ‘Retirement’

Tax Tip 348: Borrowing from a Related Company and Refinancing Investment Debt Tax Tip 348: Borrowing from a Related Company and Refinancing Investment Debt

Loan Tip: New Way to Pay LMI – Monthly Loan Tip: New Way to Pay LMI – Monthly

Loan Tip for Buying off the Plan https://www.propertychat.com.au/community/threads/loan-tip-for-buying-off-the-plan.59231/

 

Loan Tip: How Having All Your Loans With One Lender Can Allow for a Faster Retirement Loan Tip: How Having All Your Loans With One Lender Can Allow for a Faster Retirement

 

Loan Tip: New Way to Pay LMI – Monthly Loan Tip: New Way to Pay LMI – Monthly

Loan Tip for Buying off the Plan https://www.propertychat.com.au/community/threads/loan-tip-for-buying-off-the-plan.59231/

Loan Tip: Strategy for Borrowing with Nil Borrowing Capacity Loan Tip: Strategy for Borrowing with Nil Borrowing Capacity

Legal Tip 341: Pretend loans, Mortgages and Asset Protection Legal Tip 341: Pretend loans, Mortgages and Asset Protection

Loan Tip: 5 Situations Where PI Might be better than IO Loan Tip: 5 Situations Where PI Might be better than IO

 

Loan Tip: Bare Trusts and Loans Loan Tip: Bare Trusts and Loans

Loan Tip: Structuring a Fixed Loan to Reduce Break Costs Loan Tip: Structuring a Fixed Loan to Reduce Break Costs

Loan Tip: Timing Loans to Maximise Discount Loan Tip: Timing Loans to Maximise Discount

Loan Tip: Offset More than the Loan – What Happens? Loan Tip: Offset More than the Loan – What Happens?

Loan Tip: Cross Collateralisation and Serviceability Loan Tip: Cross Collateralisation and Serviceability

Loan Tip: Getting a Preapproval Before Ownership Structure is Determined Loan Tip: Getting a Preapproval Before Ownership Structure is Determined

 

Loan Tip: Discrimination against borrowers over 45 years of age? Loan Tip: Discrimination against borrowers over 45 years of age?

Loan Tip: How Cross Collateralising Loans Increases Risk Loan Tip: How Cross Collateralising Loans Increases Risk

Loan Tip: Changing Trustees and Loans/Mortgages Loan Tip: Changing Trustees and Loans/Mortgages

Loan Tip: Trading Companies and Trusts Borrowing money Loan Tip: Trading Companies and Trusts Borrowing money

Tax Tip 61: How to borrow 105% on your first purchase Tax Tip 61: How to borrow 105% on your first purchase

Tax Tip 47: Spousal Loans as a Tax Strategy Tax Tip 47: Spousal Loans as a Tax Strategy

Tax Tip 365: Borrow from Company, Repay on 30 June and Reborrow 1 July? Tax Tip 365: Borrow from Company, Repay on 30 June and Reborrow 1 July?

 

Loan Tip: Named Beneficiaries of a Trust Required to Give Guarantees? Loan Tip: Named Beneficiaries of a Trust Required to Give Guarantees?


Loan Tip: Useable Equity Loan Tip: Useable Equity

 

Loan Tip: Should you always offset the loan with the highest interest rate? Loan Tip: Should you always offset the loan with the highest interest rate?

Loan Tip: Why Interest Only Loans Decrease Serviceability Loan Tip: Why Interest Only Loans Decrease Serviceability

Loan Tip: How to Remove a Parental Guarantee Loan Tip: How to Remove a Parental Guarantee

Loan Tip: Loans for Trusts and Appointor Issues Loan Tip: Loans for Trusts and Appointor Issues

Loan Tip: Bucket Companies and Serviceability Loan Tip: Bucket Companies and Serviceability

 

Legal Tip 363: Asset Protection Strategy when Lending Money Legal Tip 363: Asset Protection Strategy when Lending Money

 

Loan Tip: Lenders Asking about Pregnancy Loan Tip: Lenders Asking about Pregnancy

Loan Tip: Borrowing to Buy a Property without a Mortgaging it Loan Tip: Borrowing to Buy a Property without a Mortgaging it

Loan Tip: What happens to Offset Money with Loan Refinances? Loan Tip: What happens to Offset Money with Loan Refinances?

 

Loan Tip: An Alternative to Parental Guarantees Loan Tip: An Alternative to Parental Guarantees

Loan Tip: Using a Term Deposit as Security for a Home Loan? Loan Tip: Using a Term Deposit as Security for a Home Loan?

Loan Tip: Loan Applications and Retirement Plans Loan Tip: Loan Applications and Retirement Plans

Loan Tip: What does ‘Splitting a Loan’ mean? Loan Tip: What does ‘Splitting a Loan’ mean?

Loan Tip: Loan Terms Shorter than 30 Years Loan Tip: Loan Terms Shorter than 30 Years

Loan Tip: IO Split on the Main Residence Strategy Loan Tip: IO Split on the Main Residence Strategy

Loan Tip: Serviceability When Controlling a Trust which Distributes Income to Others Loan Tip: Serviceability When Controlling a Trust which Distributes Income to Others

Loan Tip: The Effect of Being a Director on Loans Loan Tip: The Effect of Being a Director on Loans