Browse Posts “Sandra Crossland”.
By Andrea Cornish | 28 Jun 2010
Early exit fees that punish borrowers and limit their ability to switch loans are being challenged by ASIC.
The regulator released a consultation paper yesterday on new laws regulating exit fees that are unconscionable or unfair.
Mortgage early exit fees: Unconscionable fees and unfair contract terms outlines ASIC’s proposal about its expectations for compliance with provisions in the National Credit Code and ASIC Act that apply to setting the price of exit fees and the explanation of the fees.
Under the National Credit Code such fees can be annulled or reduced in court, while under Australian Consumer ...
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Categories: Finance News, Sandra Crossland. Tags: First Home Buyers, Home Loan, Interest Rates, Mortgage Broker.
By Kevin Eddy | 18 Jun 2010
Citibank believes the RBA will only introduce one more interest rate rise before the end of the year.
The bank’s chief economist, Paul Brennan, said the RBA will hold off on any more rate rises for at least three months, in line with the consensus view. However, while other economists believe that two rate rises will occur before 2011, Brennan believes only one will be likely.
“The RBA’s view is that interest rates are pretty much back to normal, and as such it can pause for a while: the question is how long they might ...
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Categories: Finance News, Sandra Crossland. Tags: First Home Buyers, Home Loans, Interest Rates, Investment Loans, Investors, Mortgage Broker.
Finding the right property for your needs can be an arduous task, but an RP Data property report about the suburb you’re interested in can help.
As a Loan Market mortgage broker, I can organise a report for you containing detailed trends and statistics about your suburb of interest.
The report can enable you to:
compare properties in a street with a Street Sales History Report; and/or
compare individual properties at a detailed level with an Individual Property Report to help uncover which is the best investment for you.
Plus plenty more!
There are a wide variety of reports available to provide you with the ...
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Categories: Finance News, Sandra Crossland. Tags: First Home Buyers, Home Loan, Interest Rates, Mortgage Broker, Sandra Crossland.
June 8, 2010 - 12:32PM
New home buyers and investors are the big winners in the NSW budget, with the state government planning to use its early return to surplus to boost the ailing home building market.
From July 1, anyone buying a new home worth up to $600,000 off the plan (before construction) will pay no stamp duty under the government’s NSW Home Builder’s Bonus outlined in the 2010/11 budget today.
Treasurer Eric Roozendaal says the measure is an Australian first and will help to get more homes built, and make them easier to buy.
‘‘The Keneally government is taking NSW forward ...
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Categories: Finance News, Sandra Crossland. Tags: First Home Buyer, First Home Buyers, First Home Buyers Grant, First Home Owners Grant, Home Loan, Home Loans, Interest Rates, Investors, Mortgage Broker.
FIRB Update - What you Need to Know About Buying Property as a Temporary Resident living in Australia.
On 24 April 2010, the Government announced that TEMPORARY residents are now required to obtain FIRB approval to acquire residential real estate in Australia.
IN SUMMARY
Temporary Residents are:
Required to apply for FIRB Approval BEFORE acquiring residential property.
Eligible to purchase an established property, a newly built property or vacant land* for owner occupied purposes.
Eligible to purchase newly built dwellings or vacant land* for investment purposes.
(* Vacant Land restrictions – continuous construction needs to ...
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Categories: Finance News, Sandra Crossland. Tags: Approval, Australia, Dwellings, Firb, Home Loan, House, Non-resident, residents, Vacant Land.
Sandra Crossland from LoanMarket, St Ives has teamed up with BMT Quantity Surveyors to provide Investors with not only tax savings on their investment property, but also a discounted rate on their BMT Report.
In the 2008-2009 financial year, the Australian Taxation Office (ATO) reviewed 28,400 tax returns resulting in revenue adjustments of $65.1 million. They also sent 134,800 letters to individuals explaining how to declare rental income and claim rental property deductions correctly.
In the event of an audit, it is essential that Property Investors have a tax depreciation report prepared by a specialist Quantity Surveying firm who will stand ...
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Categories: Finance News, Sandra Crossland. Tags: Home Loans, Investors, Property Investment.
Property investors are invading the residential real estate market despite rising interest rates, with leading mortgage broker Loan Market Group reporting that its inquiries from investors have doubled over the past three months.
St Ives Loan Market mortgage broker Sandra Crossland said her area is following suit, with investors now making up 40 per cent of home loan enquiries she receives, compared to around 20 per cent in September last year.
“During the last three or four months there’s been a dramatic shift in the home loan market as investors replace retreating first home buyers,” Ms Crossland said.
Ms Crossland said the boosted ...
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Categories: Media Articles, Sandra Crossland. Tags: Home Loan, Investment, Investors.
As a home owner, what reminds you to keep an eye on the state of your mortgage? Is it the latest RBA announcement, your latest bank statement or whenever you stumble across an article such as this?
A mortgage is no different to your home, your car or even yourself – routine maintenance and a regular health check are essential to make sure everything works effectively. If you haven’t assessed your loan in the last 12 months, consider speaking to a mortgage broker. A good mortgage broker can give you an accurate assessment of your position free of charge.
One area of ...
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Categories: Finance News, Sandra Crossland. Tags: First Home Buyers, Interest Rates, Mortgage Broker, Rba, Refinancing.
The Boost to the First Home Owners Grant (FHOG) offered by the Federal Government ended on 31 December 2009. Therefore, the FHOG has reverted back to $7,000 in NSW (For other States, check your local Office of State Revenue website).
In addition, the Office of State Revenue has made the following changes:
From Friday 1 January 2010, eligibility for the existing FHOGS benefit of $7,000 will be restricted as follows:
New South Wales – purchase property value capped at $750,000. (i.e: If the purchase price exceeds $750,000 you will be ineligible for the Grant).
Western Australia – purchase property value capped at $750,000 for ...
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Categories: Finance News, Sandra Crossland. Tags: First Home Buyers, First Home Buyers Grant, First Home Owners Grant, Home Loan, Home Loans, Loan Market, Mortgage Broker, Sandra Crossland, Sydney.
10 top reasons to get an expert on your side
Results & Solutions – home loans that suit your needs, when you need it
Professional & Ethical – I am a member of the MFAA (Mortgage & Finance Association of Australia).
Knowledgeable – whether you are a first home buyer, an investor, a new Australian, credit impaired, single, married or divorced, I have both the experience and resources to help you achieve your goals.
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Categories: Finance News, Sandra Crossland. Tags: Home Loan, Mortgage Broker, Sandra Crossland.
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