Lee The Mortgage MAn

Welcome back Laura, 3rd time lucky, does that mean you are a ping pong pom? All the best

No Problem, If I can help further, please let me know

Hi Maria As far as I am the maximum you can get is around 95%, There is one lender that offer a product at 97% but you need to be an exisiting customer for at least 6 months. Anything less than a 20% deposit, you will be in LMI terrtiory, I will explain. Lenders Mortgage Insurance covers the risk that a Lender(Bank) takes when they lend a client above 80% of the property value. The idea being that should a borrower default and a loss result to the lender the Mortgage Insurer will pay the bank for the loss. This does not mean that the borrower is off the hook, the Mortgage Insurer will then pursue the borrower for the amount lost. As you might expect the lower the risk the lower the premium, so somebody borrowing 95% will ususallly pay more than somebody borrowing 90% and so on. The best way to avoid Mortgage Insurance is to come up with a 20% deposit on your property, often easier said than done. But it is often worth considering saving a little longer to reduce the premium. If you cant manage to raise enough for a 20% depositand you really cant wait to buy a property, have no fear as some of the lenders will add the premium to the loan. I hope this helps, If you do have any questions please feel free to give me a call, or email me if you prefer.

brilliant, glad had a good job done, I didnt realise unitl after I replied that your post was about a year old.. All the best, If ever you need advice on your homloan , give me a shout

Do you want concrete , Brick liner or fibre glass pool

Sounds like a match made in Heaven, meant to be All the best

Chimera is spot on, you might find it a bit hard to rent a place from uk, best to look at short term holiday reantal or B&B until you have decided on an area anyway, I know a good B&B NOR and a couple of very good rental companies if you decide that you want to live up North of perth

I know a great bed and breaksfast NOR would you like the details

Hi Lee I will second that, Bring as much as you can as it is pretty expensive here, it is easy to change the plugs and they work fine, the only thing you may want to double check is the TV's, you can sometimes have a drama with them not working. but I think they work ok with digital receivers, which is how it is all going over here anyway, just do a bit of homework on it. All the best

Welcome aboard Sam

Hi purp I Live in Iluka, From what you have said, if you like the idea of being NOR, (cant comment on SOR) you should look at areas like Currambine, Kinross, Maybe ocean reef if you kind find something for you budget.10 minutes further north - Possibly Quinns rocks, Jindalee, Butler, Carramar if you dont mind being 10 minutes inland from ocean. Good Luck Any questions get in touch

I often get asked question regarding Lenders Mortgage Insurance as Many people do not know what it is so here below is a briref explanation. Lenders Mortgage Insurance covers the risk that a Lender(Bank) takes when they lend a client above 80% of the property value. The idea being that should a borrower default and a loss result to the lender the Mortgage Insurer will pay the bank for the loss. This does not mean that the borrower is off the hook, the Mortgage Insurer will then pursue the borrower for the amount lost. As you might expect the lower the risk the lower the premium, so somebody borrowing 95% will ususallly pay more than somebody borrowing 90% and so on. The best way to avoid Mortgage Insurance is to come up with a 20% deposit on your property, often easier said than done. But it is often worth considering saving a little longer to reduce the premium. If you cant manage to raise enough for a 20% deposit and you really cant wait to buy a property, have no fear as some of the lenders will add the premium to the loan. Hope this helps If anyone has any further questions, feel free to get in touch

Well. It depnds on a few things. Do you want to be near the city, beach, or a bit more rural? Do you want to be within walking distance to shops, pubs and restaurants etc, as most suburbs are a good drive from that kind of stuff The budget that you have will also come into it, whether you are looking to buy or rent. Will schools be an issue for you if you have kids. I personally live in the northern suburbs with all the poms, 2 minute drive to the beach 5 mins drive from Lakeside shopping center, 20 minutes from the city and love it. Answer the above and that will help narrow it down a bit All the best

One has just come on in Clarkson, far from connolly get in touch with Perth Poms Forum - View Profile: amsterdamse or reply to thread. Good luck with your move

I used Concept Australia, They were very good. They got me here. Speak to Jane she is very helpful. good luck