Hiya Melissa
The Asset protection folk that our clients have used would have a cardiac with a business owner having their business facilities and PPOR/investment mortgages with the same place.
When your business goes pear shaped, the first folk to know about it is your mortgagee. You could call the Asset protection crowd paranoid, but that concpet does make a lot of sense to me. There is rarely a real downside to separating your business banking from your personal and investment banking.
In one of your earlier posts, you asked how does one differentiate between convenience and doing whats "right". There is no clear line there, its up to the person whose banking is involved. Too often I see a large risk "trade off" for a few pts of interest rate, some fee reductions, and sometimes simply "cant be bothered to change all the direct debits" getting in the way. What we all forget is that when times are ok, lenders love us, when times get hard, well................... we are only as good as your last repayment.
ta
rolf
ta
rolf