Tuesday 29 December 2015

Agribusiness Loans Help Farmers to Run Their Businesses Profitably

The post Agribusiness Loans Help Farmers to Run Their Businesses Profitably appeared first on Oak Laurel.

Agribusiness Loans Help Farmers to Run Their Businesses Profitably

Farming or any form of business that is associated with agriculture has some challenges that are unique to this niche of the economy. Farming and agriculture by nature are influenced by the weather and the environment and many other factors that cannot be easily controlled or are dependable. It means that the requirements of capital and cash flows for keeping the businesses running can vary.

Agribusiness loans are often necessary for buying new agricultural property. They may also be needed for raising the working capital required to keep the business running. You may at times also need such finance for the expansion of your business, to acquire agricultural machinery or to restructure your business.

When looking for such loans, the business owner must be sure of the amount that needs to be borrowed and the term over which it can be repaid. The loan repayment frequency must match any cash flow that the business can generate. Loan amounts can depend on the equity that is offered as security for the loan. Lenders will require you to qualify for the loan by examining the financial records of your business and may also base their decision on the type of business that is being undertaken.

Loans can be taken for different terms, and if cash flows are healthy, usually it is limited to fifteen years. Longer terms can be possible if there is a low ratio of loan to value of equity. Most lenders are comfortable with any loan to value ratio that is below seventy percent, but higher ratios may be allowed for well established and long running successful businesses.

It is best to go about the task of getting an agriculture business loan through a specialist finance broker, as they will have an extensive network of lenders whom they are familiar with and who can extend the best terms to the borrower. Some lenders specialize in dealing with particular forms of agricultural business, and a specialist agribusiness finance broker will have detailed knowledge of the lenders, the portfolio of businesses they extend loans to and under what conditions they will lend.

Every type of agribusiness has its need for finance depending on crop cycles, life cycles of livestock and other factors that lenders have to be constantly aware of before they can profitably extend the loans needed by the businesses.

If you need agribusiness finance contact us and an agricultural finance specialist will handle your case.

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Construction Loans Can Help You to Build Your Home

The post Construction Loans Can Help You to Build Your Home appeared first on Oak Laurel.

Construction Loans Can Help You to Build Your Home

When you are in the process of building your home, it is an advantage to be fully informed about how you can finance the construction with a loan.

It is also possible for you to get short-term financing for the construction of your dream home. Lenders who provide construction loans will expect you to mortgage your property to them as collateral for any loan that they give you. You can get a loan that covers the cost of purchasing the land as well as the cost of building a home on that land.

Most loans are provided in instalments depending on the stages of the construction. These loans are short term, and in most cases borrowers may capitalise the interest charges during the period of construction. Usually construction will need to start within a year of finance being received and must also be completed within a year or 18 months of starting the work.

Before your construction loan will be approved, lenders will require you to provide them with plans and specifications that have received approval from local authorities and a building contract that has a fixed price. You will also have to prove your financial viability and have the plans of the home appraised by the lender to ensure that the loan amounts asked for are justified.

The lender becomes a partner in the building project and will require to be regularly advised of the progress of construction. After the loan is approved, payments can be made in stages for the purchase of the land, beginning with foundation work, completion of the structure and the final finishing. You may be able to opt for more stages of payment if your contract with a builder is fashioned in that way and the lender agrees. Once the construction is completed, the loan can be rolled over into a standard home loan or mortgage.

Interest is calculated as per the amounts disbursed till that date but generally will not become payable until after the construction is complete and the loan converts to a home loan. Most construction loan lenders charge the same interest rate or a couple of points over the usual home loan interest rate (unless you have an unusual situation like having bad credit). However, the fees associated with a construction loan are usually higher than a typical home loan. This is because the lender will charge more to process the documentation associated with the approvals and building contract. Fees can also be charged for inspections associated with verification that work has been completed prior to releasing funds to pay the builder at the different construction stages.

If you are building a home as a first home, you may be able to get a grant from the government to help you.

Using a construction loan broker

It is always advisable to take the help of a knowledgeable construction loan broker when you need a construction loan. They are the people who are knowledgeable about construction loans and have the experience that will be able to guide the you on all the formalities that need completion before the construction loan can be approved.

Contact an Oak Laurel construction loan specialist to explore your options.

+614 30129662

Oak Laurel – Construction loans made easy!

Oak Laurel Mortgage Broker

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Sunday 13 December 2015

AMP Bank restarts accepting new SMSF – Self Managed Super Fund property loans on Monday 14 Dec 2015

The post AMP Bank restarts accepting new SMSF – Self Managed Super Fund property loans on Monday 14 Dec 2015 appeared first on Oak Laurel.

AMP recommences accepting new Self Managed Super Fund property loans from Monday 14 December 2015

Self Managed Super Fund property loan applications will now (14 December 2015) be accepted by AMP Bank. This is continuing signs that lending is returning to normal, after news that Bankwest increased its maximum loan to value ratio to 90% for investor loans and AMP again recommenced lending to investors.

 

The basic parameters around AMP Self Managed Super Fund property loans includes:

  • A maximum loan to value ratio of 70% (note that Oak Laurel has access to SMSF lenders that accept up to 80% loan to value ratios for SMSF property loans).
  • Only properties established for greater than 6 months (including Off the Plan properties) can be provided as acceptable securities
  • The SMSF must have a minimum pre-purchase net asset position of $200,000 (prior to any expenses incurred in relation to the proposed property purchase).

The following documents are required as evidence of the net asset position:

  • The most recent tax return/balance sheet statement for existing SMSFs (must be dated within the last 12 months)
  • A Statement of Funds for new SMSFs
  • Bank statements confirming outstanding balances of all the SMSF’s liabilities
  • A valuation report of the asset dated within the last 12 months is required if the asset type is categorised as ‘Other’ (e.g. Artwork)

The SMSF must pass a liquidity test. The SMSF must hold liquid assets (cash, shares, government bonds, term deposits) amounting to a minimum of 10% of the total SMSF assets after the loan settlement.

AMP recommencing SMSF property loans is another win for people’s choice of investment options within their self managed super funds. Now that the Government has rejected a ban on SMSF property loans we can expect further competition in the SMSF property loan space as other lenders also provide new options.

 

Looking to compare your SMSF property loan options?

There are still a range of lenders that are offering SMSF property loans including at 80% loan to value ratios. We can help you compare and obtain a SMSF property loan that suits your needs. Ask us!

Looking for higher loan to value investment loan options?

There are still a range of lenders that are offering higher loan to value ratios for investment loans. Do you want to compare your investment property loan options? Ask us!

Has your investment loan interest rate increased?

Make sure that you are still getting a competitive investment loan. Get an investment property loan review!

Don’t delay act NOW!

+614 30129662

Oak Laurel – SMSF property loans made easy!

Oak Laurel Mortgage Broker

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Tuesday 8 December 2015

Development finance

Development finance


Property development and property investment demands special financial knowledge. Oak Laurel have an expert team ready to provide it.
Oak Laurel Finance brokers have specialists who can offer you a combination of property development finance expertise.
We partner with property developers and investors with a proven track record in the residential, commercial and industrial property development sectors. We can deliver a wide range of financial support options, typically including complete financing packages.
The potential of a property project becomes clear while it’s still at the planning stage. In this way we partner with experienced property developers to fund residential, commercial and industrial property developments.

Not all projects are large scale and the type of development finance required will depend on not just the size and complexity but other factors. 

How large is your development project?
This should be established before finance is sought. To evaluate the type of finance you need, it can help to classify your project into one of the following:

Light refurbishment

This is the smallest and least complicated type of development project and is usually considered as a cosmetic renovation. This types of project has no or very little structural work and changes are cosmetic. 

Heavy refurbishment

More complex than the light refurbishment a heavy refurbishment will mean structural changes, to the existing property possibly an extension. Aesthetic changes are also usually included. 

Ground-up development

This is the most complex and involved type of development project. Starting with an empty plot of land or first demolishing the existing building a new building will be constructed.

These different will not only need different amounts of finance by the types and costs also differ. 

Are you interest to start a development project? Ask us about sourcing development finance.

Wednesday 2 December 2015

Self Managed Super Fund loans for property likely to grow into the future

The post Self Managed Super Fund loans for property likely to grow into the future appeared first on Oak Laurel.

Self Managed Super Fund loans for property likely to grow into the future

After the Government rejected the Murray Financial Services Inquiry recommendation to ban on Self Managed Super Fund borrowing to buy property in October it has paved the way for further growth in this sector. The ban of borrowing in a Self Managed Super Fund is one of only two recommendations out of the 44 that the government rejected in response to the inquiry.

This is good news for SMSFs and gives people more options for investment with their SMSF.

Investment in property through SMSFs is likely to increase into the future as certainty in the sector may encourage not just more SMSF operators to consider this type of investing but also as banks and lenders look to more actively compete in this area after being given certainty by the government.

Both borrowing to invest in residential and commercial property are expected to grow into the future.

Are you looking to borrow to invest in commercial or residential property in your SMSF?

Oak Laurel have brokers that can help you compare your SMSF loan options. Find out more about borrowing to buy property in your Self Managed Super Fund here:

 

Oak Laurel Mortgage Brokers –  SMSF loans made easy!

Oak Laurel Mortgage Broker

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How Can an Oak Laurel Melbourne Mortgage Broker Assist You?

How Can an Oak Laurel Melbourne Mortgage Broker Assist You?

Oak Laurel's Melbourne mortgage brokers are here to assist you with all your finance needs. What does this mean you may ask.

Oak Laurel can assist you in most situations. Oak Laurel has brokers that can assist you even if you have a special situation!

Oak Laurel help first home buyers to get their first loan and get their foot on the property ladder. Oak Laurel can help people refinancing to a better deal or up-sizing or down-sizing their property and needing to obtain a new loan. Oak Laurel also helps property investors to finance and build their property portfolio. Oak Laurel also has specialist mortgage brokers that can help with the following types of lending specialties:

First home buyer loans;
Home loan refinancing;
Home equity loans;
Reverse mortgages (Seniors Loans);
Construction Loans;
Full doc home loans for self employed;
Low doc home loans for self employed people;
Property investment loans;
Guarantor home loans;
Second home loans;
Bridging home loans;
Non-resident home loans;
457 visa home loans;
Temporary visa home loans;
Immigrant home loans;
Bed credit home loans;
Unusual income home loans;
Unusual employment home loans;
Commercial loans;
Business finance;
Plant and equipment finance;
Commercial property finance;
Property development finance; and
much, much more.
Don't see what you are looking for here contact us maybe we can still help you out.
An Oak Laurel Melbourne mortgage broker can help you to make the right choice on your next home loan or commercial loan.

Your broker will compare your home loan options to find one that is right for you.

Why choose an Oak Laurel mortgage broker for your next loan?


Oak Laurel's friendly team in Melbourne can provide you with:

A free service for most home loans


We are paid a commission by the lender so we will not charge you to arrange most home loans. But don't worry, you will not need to pay extra on your loan, the banks and lender can afford to pay mortgage brokers a commission because otherwise they would need to employee a bank staff and the associated costs of operating a branch. These are costly and when the bank or lender uses a mortgage broker they only need to pay if the loan settles. This can make mortgage brokers a cost effective option for the banks and lenders and allow you the borrow to get a home loan at the same price and often save money by selecting a better loan!

You access a wide range of lenders and loans!

When you use Oak Laurel's Melbourne mortgage brokers you get access to a large group of lenders that are vying for your business. Your Oak Laurel mortgage broker will help you compare from hundreds of different loans that are available and find one that is suitable for your situation and needs. Furthermore, our brokers will be able to assist you through the submission and settlement of the loan and beyond.

We make it easy to get the right loan!

Oak Laurel's mortgage brokers will make the whole process easy for you from the start to the finish. We do all of the running around so you don't have to. In addition and perhaps more importantly our brokers provide expert advice so that you know that you are being taken care of!

We save you money on your mortgage!

Oak Laurel compares lenders and loans not only with loan comparison software but with their own experience to find the loans with competitive rates and fee packages and get the loan that meets your needs and can save you money.

Professional mortgage advice!

Our brokers can provided you with advice on which loans will meet your needs and objectives. Our brokers can assist you with advice on the generally real estate buying process and will liaise with the relevant stakeholders to make sure that your loan is as smooth as possible.


Sunday 15 November 2015

AMP restarts taking new investor property loan applications from Monday 16 November 2015

The post AMP restarts taking new investor property loan applications from Monday 16 November 2015 appeared first on Oak Laurel.

AMP recommences accepting new investment property loan applications from Monday 16 November 2015

AMP have announced that they will now (16 November 2015) be accepting new investor property loan applications. This is further signs that investor lending is returning to normal, after news that Bankwest has now increased its maximum loan to value ratio to 90% for investor loans. AMP had ceased lending to investors entirely (except when the investor loan was secured against a owner occupied property) as a response to the Australian Prudential Regulatory Authority (APRA) crackdown on investor lending growth above 10%.
AMP is now lending to 90% loan to value ratios, plus lenders mortgage insurance, for investment loans. AMP has stated that its investor loans are replicas of its current product range but with different (higher) interest rates.
Despite the crackdown by APRA there has continued to be lenders that have offered high loan to value ratio loan for investors. However, AMP returning to the investor loan market is further good news for property investors and homeowners that the property market and loan market are within regulator’s expectations. Now we await the Reserve Bank of Australia to stimulate sub-optimal economic growth with a cut to the interest rates.
AMP has also announced that it expects to recommence SMSF investor property loans later this year. This will be another win for people’s choice of investment options within their self managed super funds.

Looking for higher loan to value investment loan options?

There are still a range of lenders that are offering higher loan to value ratios for investment loans. Do you want to compare your investment property loan options? Ask us!

Has your investment loan interest rate increased?

Make sure that you are still getting a competitive investment loan. Get an investment property loan review!

Don’t delay act NOW!

+614 30129662

Oak Laurel – Investment property loans made easy!
Oak Laurel Mortgage Broker


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Thursday 12 November 2015

Australian Mortgage Broker

Australian Mortgage Broker

Australian mortgage broker Oak Laurel can assist foreigners that are buying property in Australia and require an investment property loan to compare options and arrange the loan for them.

It can be difficult for foreigners living overseas to arrange finance for their Australian property purchase. Without using a mortgage broker, finding the right loan can be a long and complicated process for Australians living in Australia. The process for obtaining finance from an Australian bank or lender can be very different from that in a foreigner's home country. Oak Laurel can guide you through the entire process from finding a bank or lender that you qualify for to applying for a pre-approval to the final approval and settlement of the property purchase and loan.

Oak Laurel mortgage brokers have experience with arranging home loans for foreigners living overseas and can make the process a pleasant and satisfying one.


Australia mortgage broker.


Monday 9 November 2015

Bankwest increases maximum LVR to 90% for investor loans

The post Bankwest increases maximum LVR to 90% for investor loans appeared first on Oak Laurel.

Bankwest increases maximum LVR to 90% for investor loans

A sign that the housing bubble fears and financial system risk are over (or were overblown in the first place). Bankwest is one of the first Bank lenders to start relaxing lending policy for investors. The push from the Australian Prudential Regulatory Authority (APRA) has previously caused Banks and lenders to tighten their lending policies, especially to property investors to contain the growth in investment lending below 10%.

Well it appears that APRA have been too successful, well as far as Bankwest is concerned. As a result of the APRA crackdown, Bankwest had reduced the maximum loan to value ratio for investment lending to 80%.  Now Bankwest have increased their maximum loan to value ratio to 90% including lenders mortgage insurance.

With the crackdown on investment lending by APRA, the major Banks and some other lenders had changed their policies to implement measure to discourage investment or risky lending including: tighten borrowing capacity calculations, increases interest rates for investors and reducing the maximum loan to value ratios available. Some have suggested that the approach to containing investment lending was an opertunity for the major Banks and some other lenders to price gouge with rises in interest rate for investment loans netting the major Banks many millions in profit. However, after raising their investment loan interest rate many Banks also decreased their owner occupied home loan rates for new borrowings.

One might question that if the regulator believed that there is a higher risk in the property market that encouraging owner occupiers to enter the market or borrow more is a prudent thing to do. I believe that messing with the property market using such blunt instruments as nation-wide investment loan interest rate increases and reduced maximum loan to value ratios was the wrong thing to do to contain what was essentially a Sydney based property market risk. I believe that these blunt measures have impacted the Australian economy when they needn’t have. When in time we look back on these events most reasonable economists and policy makers will agree that is was the wrong thing to do. Banks are very good at managing risk and restrict lending or loan to value ratios in locations (based on postcodes) where they see higher risk. Measures like loan to value ratios could have and infact are being used to manage risk.

Bankwest investment loans currently still have interest rate premiums over owner occupied home loans. However, the increase in maximum loan to value ratio for investment loans is a first step towards normalisation in the lending market.

 

Looking for higher loan to value investment loan options?

There are still a range of lenders that are offering higher loan to value ratios for investment loans. Do you want to compare your investment property loan options? Ask us!

Has your investment loan interest rate increased?

Make sure that you are still getting a competitive investment loan. Get an investment property loan review!

 

Don’t delay act NOW!

+614 30129662

Oak Laurel – Investment property loans made easy!

Oak Laurel Mortgage Broker

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Tuesday 3 November 2015

ANZ and NAB increase proportion of loans through mortgage brokers

The post ANZ and NAB increase proportion of loans through mortgage brokers appeared first on Oak Laurel.

Data from ANZ and NAB shows that they have increased the proportion of loans coming through mortgage brokers

Mortgage brokers accounted for 48% of ANZ’s home loans over the year, increasing a percentage point from 47% in the 2014 financial year. Home loan originating through the ANZ’s proprietary channels still account 52%, down a percentage point from 53% over the year to September.

NAB, which released its full-year results earlier this week, showed an increase in mortgage broker originated home loans. The NAB’s full-year results, showed that loan through mortgage brokers grew by 12% over the year to September, while those through NAB’s proprietary channels increased by only 7%.

The trends observed at both ANZ and NAB are likely to be similar in other lenders and are an indication of consumers making the choice to use mortgage broker more generally. This is also supported by data from other sources showing an increase in the use of mortgage brokers over time. With the market so complex and difficult to compare there is little wonder that consumers are using mortgage brokers to assist them.

Need a mortgage broker?

Using a mortgage broker is a smart choice. Let your mortgage broker do all the running around to find you the home loan that meets your needs!

 

Oak Laurel Mortgage Brokers – Home loans made easy!

Oak Laurel Mortgage Broker

 

 

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