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Hi Kitti All the Instalment Contracts I've seen, have two methods of adjusting the buyer's interest rate: 1. The buyer's interest rate is 'locked' to the underlying loan rate. The underlying loan rate is generally called the Indicator Rate (or Reference Rate). This means the buyer's interest...

First of all I'd like to agree with Terry, i.e. make sure you're clear on the benefits you believe selling with instalments will bring. With more and more people deciding to sell their properties with vendor finance (VF) Instalment Contracts or Deposit Finance, quite a few are opting for...

Hi Kitti I'll assume by Wrap you mean you'd like to sell with an Instalment Contract (the name of the legal paperwork that makes a Wrap work). I'll also assume the 'couple' you mention would be classified as 'consumers'. An Instalment Contract (IC) is a credit contract and because you are...