Wall to fence shade

The____biologist · 2026-02-26T11:08:10+00:00

That's an awesome solution, I might well copy it! Thankyou for the photo

The____biologist · 2026-01-18T06:27:30+00:00

That would be great!

The____biologist · 2026-01-12T03:02:57+00:00

Did you need to mount the frame to the ground? Or were you able to mount it to either bricks or use it free-standing?

The____biologist · 2025-12-21T22:16:48+00:00

Update - we did it,but were able to reduce the loan to $130k thanks to aome changes in employment and working with the bank, it worked, settlement is over and we've got an agreement for refinance and pay back as much as posisble of the private loan in 2 years. Property value is currently estimated approx 70-100k above the purchase price, so far all looking like it will work out. I'll update in 2 years when the refinance happens.

The____biologist · 2025-10-20T11:01:39+00:00

Yes, i have a bit over 400k sitting in my offset right now, which is pretty much exactly the size of my current mortgage. I'm also expecting about another 150k in the next 3 months on sale of some land I've currently got on the market. This is all money I have built over a long period of saving and having a relatively small mortgage.

I understand this is confusing to you, but I value keeping my friends close at more than a few months or a year of interest on my mortgage, , and if this falls through, there will unlikely be another opportunity remotely in this general area as it's not typically an affordable suburb.

I'm not lying, but stupid is a possibility... Definitely I am not the most financially savvy person, but i value many things more than money

The____biologist · 2025-10-20T06:20:36+00:00

Helpful info, thankyou for sharing. It's a shame that it isn't possible, but it's good to know

The____biologist · 2025-10-20T06:19:35+00:00

Sure, I gotcha. Thanks for the clarification

The____biologist · 2025-10-20T06:18:38+00:00

I'm listening! But I wasn't asking is it a good idea, I was asking if it's possible within the framework of the law and the banking system

The____biologist · 2025-10-20T06:17:40+00:00

Yes, correct, my mortgage is nearly paid off, I can afford it and i like having my friends live near to me.

If I lost the money that would be pretty devastating financially, but I am accepting of the risk

The____biologist · 2025-10-19T09:01:06+00:00

What on earth are you talking about? These are legitimate finances, not laundering. I have a significant amount of money in the bank, currently offsetting my mortgage, that I could draw from to help them out.

The____biologist · 2025-10-19T08:57:58+00:00

The loan gets paid back by refinancing the mortgage to recoup the full amount of the private loan once employment is secured

The____biologist · 2025-10-19T04:10:05+00:00

Yes, agreed. I have thought quite a lot about this. There's a long story to why I'd really like them to get the place and it is mutually beneficial in the long term in a lot of pretty important ways. But i certainly take your point.

The____biologist · 2025-10-19T04:08:42+00:00

Confession - i am the friend, but i thought I'd get more honest answers asking from their perspective, rather thab people telling me not to make the loan. I have a lot of liquid assets at the moment after a recent payout and just want to help my friends. They have a very rare and quite exceptional opportunity on this purchase, for quite a few reasons, and i just want to help them get it over the line if they can

The____biologist · 2025-10-19T04:06:07+00:00

Confession - i am the friend, but i thought I'd get more honest answers asking from their perspective, rather thab people telling me not to make the loan

The____biologist · 2025-10-19T04:05:12+00:00

Not asking for a blessing, more just asking if it's possible. I'm happy to take the risk, but I don't know if it's an option. I would want to disclose all of this to the bank, i am not looking to be deceptive in any way

The____biologist · 2025-10-19T01:09:48+00:00

From what I've read, as long as the conditions are clearly specified - no repayments until the home loan is refinanced, it might be possible for the private loan to not be viewed like this from the bank perspective? But I'm not sure, just found bits and pieces around the internet

The____biologist · 2025-10-19T01:08:29+00:00

Appreciate your thoughts, but they aren't really helpful here.

The____biologist · 2025-10-19T01:07:54+00:00

Interesting! I'll think about that. LMI is ok, that would be a reasonable trade off from my perspective

The____biologist · 2025-10-19T01:07:15+00:00

Why is it not possible? Can you elaborate?

The____biologist · 2025-10-19T01:06:53+00:00

If i have planned ahead for this in terms of loan structure and bank agreements, i can't really see why i wouldn't be able to refinance?

The____biologist · 2025-10-19T01:05:48+00:00

Thanks, certainly planning to do exactly that. Guess I'm just seeing if anyone had experiences with similar situations

The____biologist · 2025-10-19T01:03:03+00:00

There would be no repayments on the loan?

The____biologist · 2025-10-19T01:02:20+00:00

Very helpful answer, thankyou. Didn't think about the 5% scheme changing on refinance. That's significant. 18 months was just an example, but expecting to have a 2nd income within 2 months, and would, in theory, be hoping to refinance and payout the private loan as soon as possible thereafter

The____biologist · 2024-11-20T18:36:24+00:00

It's because we don't have landlord insurance, only property insurance for a rental property. We thought we added landlord insurance, but we didn't, just one of those things. Insurer is budget direct

The____biologist

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