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  1. Peter_Tersteeg

    Westpac - second loan, avoiding x-coll

    You've gotten some good advice and the others benefit of experience asking questions here. Did you get the same thing through the branch? As both Rolf and Brady have noted, you don't necessarily get (or don't get) this advice from from every branch or broker. Perhaps contact one of the...
  2. Peter_Tersteeg

    Westpac - second loan, avoiding x-coll

    Generally they won't do this when the status quo is in place, but if you sold a property or tried to move one to a different lender, I have seen lenders ask for a cash contribution before they release the title.
  3. Peter_Tersteeg

    Westpac - second loan, avoiding x-coll

    The all securities clause and loosing your whole portfolio are nowhere near the most common reasons why you should avoid x-coll. At the moment a client has a portfolio that is completely cross collateralised. They're currently obtaining a loan with a different lender, but that lender is...
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