Bad credit truck finance: truck loans for people with adverse credit files

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Bad credit truck finance

Bad credit truck finance is available, Oak Laurel finance brokers can help!
Do you have bad credit and want to get a truck loan? Most people with bad credit get turned down by the banks and lenders. When you have bad credit you can end up thinking that there is no options for you to finance your truck, trailer or other equipment purchase. However, this is not true! Oak Laurel finance brokers get the tough truck and equipment loans approved!
Having a few dents in your credit file does not mean that you will be unable to get your truck purchase approved. It may be true under normal circumstances but Oak Laurel finance brokers are not your normal finance brokers. Oak Laurel finance brokers are specialists that get the tough loans approved!
STOP applying for finance immediately, you are only damaging your credit file even further but applying again and again and being rejected! Contact Oak Laurel finance brokers immediately! We can get you back on track to a clean credit file and financing your truck, trailer or other equipment that you need to run your business.
Did you know that Oak Laurel finance brokers can also help people that have only just registered their ABN? If you have only just registered an Australian Business Number (ABN) then most banks and lenders will not finance your truck, trailer or other equipment purchase. However, Oak Laurel can assist people who have only recently registered their ABN. This also means that you do not need to provide any financials such as tax returns, business Activity Statements (BAS), or even an accountants letter. We can assist new business owners to finance many types of equipment even when they have only registered their ABN or one day!
If you are looking for truck finance or know someone that is looking for truck finance or other types of equipment finance tell them about Oak Laurel finance brokers.

Oak Laurel Finance Brokers – Truck loans made easy!

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Truck finance for new business

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Truck finance for new business startups

Truck driver can get finance for their new truck business!

Are you a truck driver? Chances are that you are working for a trucking company. If your trucking company does not treat you well and pay you enough maybe you would be better as a self employed truck driver. As a self-employed truck driver you could be making your own decisions about when and where you work and which jobs you accept and at what rate. But maybe you don’t own a truck, so how can you run your own trucking business without out a truck? Well you probably can’t run a trucking business without a truck but Oak Laurel can help you to finance a truck so that you can start your own trucking business!

Maybe you thought that you needed to have a proven trucking business with complete financial records before the banks and lenders would give you a truck loan! Well that is not always the case! Oak Laurel finance brokers can often arrange funding for new truck businesses that do not have any financial records.

Oak Laurel finance brokers get the tough loans approved! When you have been told NO by the banks we can often get you a yes from one of our specialist lenders who are more understanding and flexible that the traditional banks and lenders that you are used to dealing with.

Do you have bad credit? Oak Laurel can often still arrange a bad credit truck loan for you! The cost of a bad credit truck loan may be a little more than  if you have a clean credit file but if it gets you the funding you need to get you business going or keep your business then it may be worth a little extra cost until your credit file cleans up again!

Whatever your situation contact Oak Laurel to see what we can do for you!

 

Truck finance

Find out what you need to know about getting truck finance for your new trucking business. It is easier than you think! Contact Oak Laurel today!

Truck loans

 

Oak Laurel – Finance Brokers

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Happy Australia Day 2016 from Oak Laurel

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Happy Australia Day 2016

Happy Australia Day 2016!

Here at Oak Laurel we wish everyone here in Australia, and abroad, a Happy Australia Day 2016!

We hope that all you Australians enjoy the day off (or your extra pay rates for working on a public holiday if you are working). Today is a great day to spend with family and or friends to celebrate being Australian and the wonderful country that we live in!

Here are a few fun facts about Australia Day

Australia Day is celebrated on the 26th of January each year. Australia day is a day off for most Australians as it is a public holiday.

Do you know what Australia Day really symbolizes?

• The first Australia Day was January 26, 1808 marking twenty years since Captain Arthur Phillip, a Royal Navy officer, the first Governor of New South Wales and founded the British penal colony that later became the city of Sydney, Australia, raised the flag at Sydney Cove.

• In 1818 Lachlan Macquarie was the first Australian Governor to hold the first “official” Australia Day celebrations. It marked thirty years of European settlement in Australia.

• In the early part of the nineteenth century, Australia Day was called “Foundation Day” and was typically marked by sporting events including horse racing and boat races.

• On the 50th anniversary of the Sydney Cove landing, New South Wales was the first colony to declare Australia Day as a public holiday in 1838.

• By 1888 nearly all of the colonies had declared a public holiday to celebrate Australia Day, but it wasn’t until the 1940’s that January 26th was agreed upon by all states as the proper day to celebrate.

So, we hope that you enjoy Australia day and can appreciate what you are getting a day off for.

Australian Mortgage Brokers

Do you want to talk to an Australian mortgage broker about getting a better deal on you mortgage or other finance? After celebrating a great Australia day, you may want to consider if your Australian mortgage is the best that it could be. There is no point in paying too much on your mortgage. If you want an Australian mortgage broker to go through your options then contact Oak Laurel.

Australian mortgage broker

 

 

Oak Laurel – Australian Mortgage Brokers

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Beginner’s guide to buying a commercial property for investment - Part 5: Lease agreements, permissible activities and use of common areas

Beginner’s guide to buying a commercial property for investment - Part 5: Lease agreements, permissible activities and use of common areas

Commercial property lease agreements

A commercial property lease agreement is the key document where all of the conditions and responsibilities are set out. Cease agreements for commercial real estate are not usually standard templated documents and can be lengthy and complex. Typically a solicitor will be engaged by the owner to draw up the lease agreement according to their specifications. A good solicitor with experience in commercial property lease agreements will be invaluable. However, do not just rely on your solicitor, you should also read the lease agreement to ensure that you know the conditions of the lease. If you do not understand any of it you can ask your solicitor to explain it to you.

Some things to consider in the lease agreement include:

Permissible activities

You may not want certain types of activities to be carried out on your commercial property this may be because they are not allowed by the zoning or body corporate in a strata title property or it may just because some types of activities due to their noise or other reasons are undesirable and may decrease the value of the property or cause issues with neighbouring properties / businesses. Tenants may want to have exclusivity for their business type to avoid further leases to their competitors which could decrease their business. By limiting the activities it can allow a broader range of potential other tenant types.

Use of common areas

Where multiple tenants use a property and there are common areas the activities allowed in these areas should be clearly specified. If not specified some tenants may use the common areas for storage or other activities that could block access or have other undesirable consequences.

Find the full guide here: Commercial property investment (Beginers guide).

Back to part 4 Maintenance costs, refurbishments and outgoings of commercial property investment.

Get professional help with your commercial property finance? 

Oak Laurel have specialist commercial property finance broker that can help you compare commercial property finance rates. Furthermore, our specialists can make comparing the different loans and obtaining the right loan for your commercial property simple and easy. We can even help you to get commercial property loans at 80% LVR (loan to value ratios) in some cases. Contact Oak Laurel to find out more about commercial property finance.

Oak Laurel - finance made easy!

Beginner’s guide to buying a commercial property for investment - Part 4: maintenance costs, refurbishments and outgoings of commercial property investment

Beginner’s guide to buying a commercial property for investment - Part 4: maintenance costs, refurbishments and outgoings of commercial property investment

Commercial property maintenance costs

Typically, the maintenance costs are not covered by the owner the allocation of responsibility for the particular repair or maintenance action will be prescribed in the Leasing Agreement. The tenant will generally be required to keep the premises up to the relevant health and safety standards and is responsible for any refurbishments which will usually require approval by the landlord, which again should be specified in the Leasing Agreement. However, if the commercial property that you are considering purchasing is rundown and will require costly refurbishments it is likely to deter any potential tenants from leasing it as they are usually aware of how costly it will be for them and thus select a property that is already in good condition. Furthermore, especially in areas where there is a high vacancy rate, if the lease is coming to an end the owner may decide to undertake refurbishments in an attempt to retain the tenant rather than have a vacant property.

Refurbishments

Make a detailed condition report of the property before entering into the lease. The condition report should document the condition of the premises at the time the tenant takes control and before the tenant makes any changes. Also just like a residential property, take date-stamped photographs for yourself and the tenant for a visual record of the condition in case a dispute arises and photos are needed as evidence.

Many premises will need fixtures, fittings and services installed. Who is responsible for the fit-out costs will be determined by negotiation and documented in the Lease Agreement between the tenant and the landlord. As the owner you may also want to specify which tradespeople can undertake any refurbishment work to ensure that the work conducted to your asset is of high quality. Some commercial property landlords (especially shop or shopping centre owners) will also require that the tenant renovates the premises on a regular basis (as you agree in the lease agreement) to ensure that the property remains in good condition and can continue to attract quality customers and tenants into the future.

Note: refurbish or refitting requirements in the lease agreement will be void unless the relevant clauses provides sufficient detail to indicate its nature, extent and the timing or any refit or refurbishment. Furthermore, the cost that the tenant is required to contribute towards the cost of any of the landlord’s finishes, fixtures, fittings, equipment or services can be voided unless the landlord notifies the tenant of these costs in the Disclosure Statement that is given to the tenant.

Outgoings

Outgoings such as council rates, insurance, repairs and maintenance are typically paid by the tenant in accordance with the Lease Agreement. This is unlike a residential investment property where these costs are borne by the owner.

Find the full guide here: Commercial property buyers - guide for investors

Back to part 3 - Lease duration, quality of tenants and purchase costs of commercial property
Beginner’s guide

Continue to part 5 - Lease agreements, permissible activities and use of common areas

Are you looking to finance a commercial property? 

Oak Laurel have specialist commercial property finance broker that can help you compare commercial property finance rates. Furthermore, our specialists can make comparing the different loans and obtaining the right loan for your commercial property simple and easy. Contact Oak Laurel to find out more about commercial property finance.

Oak Laurel - finance made easy!

Beginner’s guide to buying a commercial property for investment - Part 3: Lease duration, quality of tenants and purchase costs of commercial property

Beginner’s guide to buying a commercial property for investment - Part 3: Lease duration, quality of tenants and purchase costs of commercial property

Lease duration

Commercial properties typically have longer leases. It is fairly common for a commercial property lease to have an initial lease period of 5 years with an option to renew for another 5 year. This is unlike residential property where rental leases are typically for 12 months or 6 months followed by month to month or resigned for another 6 to 12 months.

Quality of tenants

Just like residential property, commercial property tenants are not all the same. In commercial property leasing, government and corporate tenants are the best tenants. They are unlikely to default on the rent and are likely to be long term tenants. Small and new business are higher risk and may be more cost conscious that large established business or government tenants with established and secure cash flows.

Commercial property purchase costs

Quality, well located commercial properties can be expensive but can have yields proportionately. If buying an entire building or lot is out of your price range there are often smaller and cheaper strata title premises available that may suit your budget. Different areas will have different cost per Square meter. This will be related to the rental lease per square meter. Checking the price per square meter of comparable sale in the area can provide a likely sale price. However, if there is an existing long lease with a quality tenant this can also influence (increase) the purchase price compared to a vacant property or where the lease is coming to an end and unlikely to be renewed.    

Find the full guide here: Commercial property buyers - guide for investors

Back to part 3 - Lease duration, quality of tenants and purchase costs of commercial property

Continue to part 4 - Maintenance costs, refurbishments and outgoings of commercial property investment

Are you interested getting a commercial property loan? 

Oak Laurel have specialist commercial property finance broker that can help make comparing the different loans and obtaining the right loan for your commercial property as simple and easy as possible. Contact Oak Laurel to find out more about commercial property finance: Australia.

Oak Laurel - finance made easy!

Beginner’s guide to buying a commercial property for investment - Part 2: Types, returns and risks of investing in commercial property

Beginner’s guide to buying a commercial property for investment -Part 2 Types, returns and risks of investing in commercial property

Types of commercial property

There are three main types of commercial property these are: office, retail and industrial.

However, there are many other specific types. The type of property can be important from a finance perspective as banks and lenders do not like to finance some types of commercial property or may require you to contribute a larger deposit (so the loan to value ratio is low).

Returns from commercial property

Returns (% lease/rental yield) from commercial property are typically higher than that rental/lease % yield from residential property. This is because commercial property is considered as higher risk (than residential property) and this compensated with a higher return. Commercial yields vary and typically become depressed with capital gains (like residential property) but can be in the range of 6% to 10% compared to that of residential property that may range from 2% to 5% (as a general guide).

Risks of investing in commercial property

The higher risk associated with investing in property comes from two main sources. The risk of vacancy and the risk of not being able to sell it quickly. Unlike residential property in Australia’s major cities the vacancy rate of commercial property can be much longer. Commercial property can be more impacted by down turns in the economy, whereas people still need a place to live regardless of economic conditions.

Find the full guide here: Commercial property buyers - guide for investors

Back to part 1 - Introduction to commercial property investment

Continue to part 3

Are you interested getting commercial property finance? 

Oak Laurel have commercial property finance specialists that can help make comparing and obtaining the right commercial property finance as easy as possible. Contact an one of  Oak Laurel's commercial property mortgage brokers.

Oak Laurel - finance made easy!

Beginner’s guide to buying a commercial property for investment - Part 1

Beginner’s guide to buying a commercial property for investment -Part 1

Most property investors get started by investing in residential property. It is usually the familiarity with residential property through being a tenant in someone else’s investment property and then buying your own home that gives potential property investors the understanding and confidence to purchase residential property as an investment.

Unless you run a business that leases a commercial property or are involved in the part of a company that deals with lease of its commercial property you probably will not have the same familiarity with this property type(s). This does not mean that commercial property cannot be a good investment but it is prudent to do some research and understand any potential investment before investing.

Increasingly it is not just Australians that see the value in investing in Australia’s commercial property. Foreign buyers are increasingly showing interest and investing in Australia’s commercial property market.

Commercial property is a bit different from residential property in the leasing terms and conditions, GST implications and where the responsibility lies for the building expenses.

This beginner’s guide to buying a commercial property for investment describes some of the issues that you should consider when considering purchasing and leasing a commercial property.

This is not an exhaustive guide. You should get professional advice before proceeding.

Continue to part 2 - Types, returns and risks of investing in commercial property

Find the full guide here: Buying a commercial property - guide for investors

Are you interested in financing a commercial property? 

Oak Laurel finance brokers have commercial finance experts that can help smooth your experience when comparing and obtaining commercial property finance. Contact an Oak Laurel commercial property finance broker.

Oak Laurel - finance made easy!

Residential Construction Commencement Quarterly Record

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Residential construction commencement levels reach new high

Residential construction commencement levels in Australia have reached a new quarterly record high during the September quarter.

Australian Bureau of Statistics data shows that across Australia 55,532 dwellings commenced in the three months to the end of September 2015. This is an increase in construction commencements by 0.5% compared to the June quarter. Nationally across the previous 12 month to the end of September 2015 construction commencements rose by almost 11% to 215,329. The year to end of September value is 15% above the previous record of ~187,000 new dwelling commencements in 1994.

At the national level new dwelling commencements may have reached new highs but on a State by State basis the levels varied greatly.

Construction commencements by state were as follows:

• Northern Territory +17.4%,
• New South Wales +2.4%,
• Western Australia +1.7%,
• South Australia +1.2%,
• Australian Capital Territory +0.4%,
• Queensland -1%,
• Victoria -3.8 %,
• Tasmania -20.7%.

The Housing Industry Association has forecast that in 2016 Australian will maintain strong levels of new dwelling commencements though unlikely to reach new highs.

It is forecast that 2016 will bring a change in the mix of what is built and large geographical divergences across states and territories.

It is forecast that there will be increases in the short term for: detached houses; semi-detached dwellings (of two storeys); and units of one or two storeys. Geographically, the eastern seaboard markets are likely to remain strong, with some potential for the southeast corner of Queensland but New South Wales and Victoria remaining the strongest housing markets.

Building loans

Are you looking to participate in Australia's construction boom? Do you want to build your own home, investment property or a small development? Getting the right construction finance has never been so important to the success of your building project. Find out what you need to know and apply for a construction loan today.

Building loans

 

 

Oak Laurel Mortgage Brokers – Construction loans made easy!

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Melbourne property prices on upward trend

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Melbourne property prices show clear upward trend

Melbourne property prices show a clear upward trend after hitting a low point after previous highs at the end of November 2015. As of 20 Jan 2016 Melbourne property prices are just shy of the previous record highs that occurred at the end of October 2015 according to property price monitor core logic.
Sydney property prices continue to soften and may be plateauing. No definitive trend can be observed in Perth’s property prices over the past few months. Brisbane has shown a general upward property price trend since mid 2015 but has dipped off previous high seen towards the end of December 2015. This follows data that Melbourne’s rent prices are rising in Dec 2015.
It should also be noted that this is the time of year when property sales (both auctions and private sales) are lower than average. When the peak selling and buying season arrives we will be able to get a fuller picture of where the property market is heading and at what rate.
“The data shows prices show a moderate and steady increase in the property prices in Melbourne with nothing for policy maker to be worries about” said Dr Nigel Abery (Ph.D.)
“Melbourne appears to be the best performing property market in 2016 with prices and rents increasing at a moderate and sustainable rate.” said Dr Abery
“It is important that property investors remember that the capital cities are not homogenous property markets, some suburbs will be increasing whilst others decreasing in price.” said Dr Abery
“Property is a long term investment. Australia’s population growth make investing in property in Australia’s major cities a sensible choice. These small rises and falls in property prices observed recently will seem insignificant over the longer term.” said Dr Abery

Looking to invest in property?

Your investment property loan can make a big difference in the success or failure of your investment. Oak Laurel mortgage broekrs can help you to compare your investment property loan options. Find out more about investment property loans:

Compare investment property loans

Are you looking to finance a property purchase or refinance your existing loans?
Contact one of our mortgage brokers in Melbourne or wherever you are to assist you with your finance.

In Melbourne

Oak Laurel Mortgage Brokers – Loans made easy!

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Commercial property purchases popular among foreign buyers

All of the focus on foreign ownership has been on residential property and the Government forced the sales of foreign owned residential property has made front page news. However, not much attention has been focused on foreign ownership of Australian commercial property. Commercial property in Australia remains as popular as ever according to an analysis by CBRE.

Figures show that the sale of office, industrial and retail property valued at over $5 million totaled $28.4 billion during the 2015 calendar year. 

These values are only 4% less than 2014’s  record sales of $29.6 billion.

According to the CBRE’s analysis, 2015 had the greatest market share of foreign investors investing in commercial property with $11.7 billion in purchases equating to 41% of the total commercial property sales in Australia.

It has also been observed that Australian investment is also flowing offshore in what is now a globalised market place.

Compare commercial property finance rates

A big part of making your commercial property investment profitable is your finance. Want to get help from a commercial property finance broker to compare commercial property finance rates?

commercial property finance rates

 

+614 30129662

Oak Laurel – Construction loans made easy!

 

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Construction home loans

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Construction home loans – Build your dream home

Building your own dream home can be an exciting adventure for you, but it can also be fraught with problems. The last thing you need is a problem with your finance delaying your settlement or holding up progress on the construction and costing you time and money. This is why it is so important to use a mortgage broker that understands construction home loans.

Some people feel that the personal relationship that they have with the lending manager or bank manager at their local branch will solve all of their problems when it comes to borrowing money. However, there are certain limits that your local bank branch staff have when it comes to offering you the best alternative. Primarily is that they can only offer you a limited range of loans, the loans that their bank sells.

At Oak Laurel we have access to a wide range of lender and this give you more construction loans to choose from. Not only that our mortgage brokers understand construction loans, so not only will they be able to find a construction loan package that meets your needs but they will be able to guide you through the process construction loan process so that you don’t make a costly mistake.

The convenience of working with an Oak Laurel mortgage broker can far outweigh working with your local bank branch staff. Furthermore, because Oak Laurel brokers have access to a wide range of lenders, more than most of the mortgage broker franchise brokers have, we have options that they can’t offer you.

Construction home loans are more complex and require more time and effort to assess and get approved than regular home loans. This is because the lender is assessing and approving something that is not yet built. There is also a lot more paperwork that needs to be assessed and approved. This can include, contract of sale, the building contract, builders specifications and council approved plans, along with all the other documents usually required to assess a home loan. Therefore it helps if your broker understands the intricacies of construction loans and the policies of the different lenders.

 

construction home loan process

Want to know more about the construction home loan process? Find out everything that you need to know about construction loans and the construction loan process here:

construction home loan process

 

+614 30129662

Oak Laurel – Construction loans made easy!

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Is There an Advantage in Using a Finance Broker to Help with Commercial Property Finance?

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Using a Finance Broker to Help with Commercial Property Finance?

If you are in the process of considering the purchase of commercial property, you might want help with commercial property finance from a finance broker who can offer to you access to some of the best loans and interest rates in the marketplace.

A finance broker who specializes in commercial mortgages, could be just the thing for you as you will be able to really compare loan packages and choose one that will fit your set of circumstances and needs very well.

By specialising in a niche area, a finance broker can help with commercial property finance by bring to the table tools, connections and resources that can bring forth financial products that meet your specific situation.

A finance broker operates as an independent agent and will set up financial negotiations and arrangements for loans for property and other ventures as needed. It is possible to put together packages of separate loan entities in order to make a total package that works in best interest of the client.

By using a registered, licensed and experienced finance broker, you as a prospective commercial property purchaser, will have access to a wider range of commercial property mortgages than would have otherwise been possible. A good finance broker will help you scour the market and present you which competitive loan options that meet your needs.

The advantage is that instead of having only a few packages to compare, you will have literally hundreds from which to choose. A good finance broker will also have access to different specialist lenders and loan products. For example for people who have some past or present credit issues; don’t meet regular lenders’ lending criteria. Furthermore, using a good finance broker can allow you access to commercial property loans that do not require annual reviews of your capacity to service the loan or the property value.

You could liken a finance broker to a boutique shop who specialises in the proper fit of a product to the express need of the customer, and in this way you have more choice and a better product in the end.

Unfortunately in Australia comparatively few commercial property loans are taken through finance brokers compared to mortgage brokers. People and companies getting finance for their commercial property still believe that options they can get by going to their local bank branches are the best and are missing out on most non-bank lenders.

At Oak Laurel we believe that we can help most commercial property buyers to get a better finance deal than they would otherwise.

 

Commercial property finance

Do you want to compare commercial property finance options? With access to a wide range of lenders Oak Laurel will find you competitive finance options that meet your requirements.

Commercial property finance broker

 

 

+614 30129662

Oak Laurel – Commercial property finance made easy!

 

 

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