SA
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 New home finance
Even BOM (or St George to rest of the country) do it as well. Servicing on end debt only as well. plc replied 20 February 2019 ago Wanting to buy but.....I think you can also ask some of your friend to lend money since you are unable to borrow money from bank. Berek replied 26 April 2017 ago BerekApr 26, 2017 10:29 pm Paying Deposit
As a solicitor I can advise you of the following:
For land - Yes we always try to negotiate a 5% deposit.
For builders contract - 5% of usually the amount that… Application EnquiryAs a Solicitor, I have had no problems at my end for my own clients. My clients loans were all approved within 1-1.5 weeks. If you do it directly with the banks that is.… Land Contract AdviseHi Thomas
Which city are you in, I may be able to recommend a professional in the area who can help you with your situation.
Regards,
Harish Selling and Buying - current loan is guaranteedYou are really out of luck I would say Zelda. Lenders only allow security guarantors nowadays, the only lender I know that allows servicing guarantors (income) are ANZ but… plc replied 23 February 2016 ago Suncorp Bank Home LOanHi Gunners13,
Suncorp is somewhat overpriced for construction lending at present. Our company has placed a significant volume of loans with them over the years and the… naritas replied 27 January 2016 ago Value adding upgrades?Hi,
Adding value really depends on the property, the suburb, the attributes of the home and what the land can be used for. It all comes down to the comparable properties… Nervous about approvalDo up your own budget and also adopt standard living costs at about 30k for a couple and 16k per child.
For the loan repayments use a principal and interest calculator… finance for 2nd houseHi Hachy
Whether a bank will lend for the second property will come down to your overall borrowing capacity and the availability of a deposit (either via equity or… refinancing and valuationsIf you had less than 20% deposit did you pay LMI? Will you be borrowing more than 80% of the purchase +5% (ie value) with the new bank? Is the… hachy replied 5 September 2013 ago hachySep 05, 2013 11:25 pm What happens to "left over" money on loanwe have the exact scenario as you...we finally got an answer that we would have to provide the invoice to the bank and draw from the loan just like a progress payment for… juskiOct 23, 2011 12:41 am Eeeek!! Bank valuation on land way too low!You can fight the valuation if:
1. you have solid proof of comparative sales in the last 3 month ( no older- and the sale must have settled)
2. Similar property ( not just… shape replied 14 July 2011 ago shapeJul 14, 2011 9:06 pm Anyone used private investors?Well with the new laws that banks have to abide by, I have no chance of getting a loan. I am now doing a 2yr Traineeship with Telstra with a stay at home partner who is… aza0 replied 15 March 2011 ago Finance for build?Thanks Arabella, I'm definatley going to have a chat to one some day. I just like to have a bit of knowledge before talking to the "pros" so I don't get taken for a ride! Bank valuationsDo the banks usually do a valuation of your house once it has been completed?
I just finshed building my new house and the bank has sent me the… shape replied 13 February 2011 ago shapeFeb 13, 2011 2:17 pm Where did you live when you built?
Hi all
Thanks so much for your replies. Apologies for not coming in sooner.
We have decided to buy established. We could probably just squeeze by with rent costs and… Jme replied 19 January 2011 ago thloSep 01, 2009 10:36 pm
|