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If it was all resi, I'd agree with you. However, I believe it's the comm prop that's the problem - it's either been (desk?) revaled or the max LVR has been significantly reduced. And since his exposure to that lender is more than one or two $M the current derisking by the banks means that he's...

A mate of mine has had all his borrowings with one big 4 lender for 10 yrs or so. He's borrowed a few $M secured by a few IP, a PPOR & one comm prop. He always pays interest on time, has good servicability & has a fantastic relationship with his local branch manager. However, a couple of...