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Yes, Steve, absolutely true. It's only about increasing the degree of difficulty (and thus cost) for the lenders to get their mitts on your assets... ;)

Unfortunately, that won't usually achieve the aim of protecting your position. Nearly every lender has an "all monies" clauses in their loan documentation, which says that regardless of which properties are tied to which loans, a default on any one of the loans gives the lender access to all...

Love your attitude. What we need is brokers who know how to access the sources of finance that you seem to be able to tap into... now that would be awesome. :cool:

Are the assets all owned by the same entity? If so, are they held in a Trust? If it's all in one Trust, I believe that you can clone the Trust (eg if you have 5 properties, create 5 new Trusts with the same Trustees and beneficiaries), and transfer one property into each of the new Trusts via a...

OK, I'll shut up as I don't know enough of the specifics. I just feel for Dazz, and I know he's a smart cookie, so I'm feeling frustrated for him. I don't want to distract this into being a thread about whether the bank is right or wrong, anyway, as it's immaterial; I'd rather we focus on...

Yes, I recognise they have a right (indeed, obligation) to manage risk. But if they think what he's doing is too risky for them, then they should release him to other lenders. Sounds like they want to keep his business, but at the same time strangle it. If they were willing to release half his...

Dazz, I truly am gutted for you, that really sucks a big one. :( And I can't believe that at 48% LVR they can do this to you! Are they stating any particular reason why, when they've been happy to ride this train up to this point, they're now unhappy at being on the journey? I don't get why you...