Hi all - have worked for banks and have a private banker looking after me so i have stayed with a bank directly for 15 years. (only changed banks once in that time)
The key for me is to be able to get finance to do small developments at resi rates. I have stayed with a big bank for this reason as i am able to work directly with these guys and feel a level of trust if they tell me something eg if a run a scenario and they say it can be done i feel i can rely on it and have been able to so far.
However the service in general is atrocious and i have to follow up heaps. For example i asked for some revals and took several weeks to get this organised with no urgency. If i make a formal approval it comes through eventually but takes heaps of follow up.
My friends tell me to deal with a broker as they do but i have never used a broker before and feel like i would lose some control...
thoughts??
thanks
The key for me is to be able to get finance to do small developments at resi rates. I have stayed with a big bank for this reason as i am able to work directly with these guys and feel a level of trust if they tell me something eg if a run a scenario and they say it can be done i feel i can rely on it and have been able to so far.
However the service in general is atrocious and i have to follow up heaps. For example i asked for some revals and took several weeks to get this organised with no urgency. If i make a formal approval it comes through eventually but takes heaps of follow up.
My friends tell me to deal with a broker as they do but i have never used a broker before and feel like i would lose some control...
thoughts??
thanks