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...
The 2020 Federal Budget announced a range of economic measures to help support individuals and businesses through the COVID-19 downturn. It also includes some initiatives that could be helpful if you want to buy your first home, build a granny flat or put money aside...
Loan refinancing is a strategy used by property investors to access funds – usually to grow or improve the value of their property portfolio. The right time to do it largely depends on your strategy, plans and equity. In this article, we highlight some of the...
Say the words ‘finance broker’ and most people immediately think of the person who can line you up with a competitive mortgage. But did you know we can also help you find the right loan product for a whole range of lifestyle assets? Caravans. Speed...
It has been an exciting past month in the property world, with the housing recovery continuing to gather momentum. In October, all capital cities except Melbourne saw dwelling values increase. If you are new in the property market, considering your next property purchase, or taking...