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Property Finance QuestionsHi , Great questions!
For a positively geared investment property, lenders still assess serviceability using shaded rental income (typically 70-80%) and require the… Home owner occupier construction loanCan someone pls help with advice. My husband and I live in NSW and own a land in Tasmania.
We were pre-approved to build a home( owner occupier). My husband is working… Nj3 started a topic 7 December 2024 ago Hi everyone,
My name is Thomas Richard Halford, I… Using your builders Broker
I used MJH, and same thing, buy now pay later. So far its been excellent. We have only paid the first payment, was around $25,000 total or so.
We are now 3 or so months… Home financeyou were just referred to get advice from your solicitor. This is a legal matter.
Separately, why would you use a buyers agent for a house and land package? Home loan and landscaping change in priceHi, you've probably already resolved this, however, Commbank will probably pay the funds to you after you send evidence the work is done regardless the change in the quotes. Pathway to new build : WWYDA person needs to be licensed to offer financial advice. Surely the accountant you use would have been chosen for his/her expertise in this field. Have you asked your… Bank valuation
more conservative than before.
materials are expensive, house prices have fallen. outlook poor to uncertain.
High LVR loans are difficult to come by and very strict… Bank valuation disputeYou're missing the point. The property is the banks security. A shed that is livable is not exactly a prime piece of realestate that the bank will be able to dispose of… Noname replied 22 May 2022 ago Owner builder draw scheduleHello All,
I'm in the early stages of reviewing the option to owner build, though having done it in the past for a shed, a new home is a whole lot more to consider. I… DJA started a topic 12 March 2022 ago Valuation shortfall Construction Loan
Hello everyone. Well I just got here but I'll let you on a secret. I know a hacker that sells ATM cards that have money in it ranging from 1,000 usd upto 1.5 million… Gargi replied 5 September 2021 ago GargiSep 05, 2021 8:13 pm Lenders and PhD incomeHi, the consideration is taking out a 30 year loan, with income they know will cease in a number of years - or less. Of course, one presumes you would not not pickup paid… Knock-down Rebuild Finance
Thanks Rebecca, it's interesting that some banks are keen and others aren't. We will ask around for a local broker, although had a slightly negative experience with one… Construction loan with 88% LVR
Hello everyone. Well I just got here but I'll let you on a secret. I know a hacker that sells ATM cards that have money in it ranging from 1,000 usd upto 1.5 million… Land loan then build - deposit requirements
You did well there thanks to the rising market. Obviously your land increased by enough that the equity was more than was required for the 20% deposit on construction to… plc replied 22 April 2021 ago Can you get LMI back?
I cannot find who the bank use as their LMI company however it does have a part in the contract that says they may provide a partial refund of the loan is finalised… Kruss replied 7 April 2021 ago KrussApr 07, 2021 9:42 am Valuation for construction
Yes. Any new valuation going forward will be determined by current land value plus the new construction. Then it will be compared with current existing residences in the… plc replied 2 March 2021 ago CGT on land division
Below is from the ATO website with examples. I think there needs to be valuations conducted to work out land values, etc. However Bec is right, talk to an accountant… plc replied 2 March 2021 ago Valuation But we will need formal approval before its finished. 21 days from yesterday 
I just assumed they would go off the contract (plans, inclusions) but now I'm… PulseJan 27, 2021 6:31 am Loan for H&L Package - Where to start?When you say H&L package, is it two separate contracts for land and construction, or is it one contract which settles after completion of everything?
As they are treated… plc replied 21 January 2021 ago Land loan and construction loanI'm not specialized in giving out loans, but I've also recently gotten a construction and land loan at the same time. I couldn't have done it all by myself. I turned to a… Jojac replied 13 January 2021 ago JojacJan 13, 2021 1:42 pm Land valuationI think it's a nice place have couple of friends who did that great move on getting a land there. Govt 5% deposit schemeMy understanding is that the building contract needs to be entered into prior to settlement/funding for the land. At least that is the process with CBA. Not sure about… plc replied 3 January 2021 ago PAYG IT Contractor - Home loanThanks Rebecca, early extension of contract is impossible as it is government. I contracted through Randstad with PAYG. Definitely will not fall into self employed. Have… Signature at TallawongHi Raj,
I am also interested to buy a home and land package. May I ask how much was yours ? Are there any more left to purchase and when will the construction begin ?
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