The client is a manufacturing business that imports energy efficient products from overseas. Historically the client would use his own savings (from a residential mortgage offset account) to fund the business inventory. Typically he needs $2M - $3M working capital to purchase goods from supplier and...
Why are the banks offering borrowers the opportunity to lock in two or three year fixed rate loans at record low rates between 1.8 to 2.2 per cent? This traces back to March 2020 at the peak of COVID 19, as part of the RBA monetary...
During COVID 19, a client of ours had the opportunity to purchase an investment property in Sydney from a distressed sale. The condition of the property was poor which allowed the client to make significant improvements to the property to improve the Real Estate...
A self-employed client had unprecedented sales growth in a short period during COVID 19 and had built 20% deposit saving for a house. Issues Most lenders require a consistent income over a two year period;Lenders cannot rely on short term income growth for serviceability. Partnership Solutions (Aston Partners...
When COVID-19 struck, banks gave eligible customers an option to pause their repayments for six months from March, due to the volatile economic climate. Hundreds of thousands of Aussies took up the offer. Home loan deferrals were due to end in September, but banks announced borrowers...