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Why the thumbs down Doons?
I posted the thread because I have a client looking to use their services. This person is on a high income and struggles with investment / finance principles so the regular DIY investing strategy which most on this forum adhere to is not really a good option.
I thought the Canterbury service might be a good option for this person to move forward. I couldn't see any negative comments in the linked threads above relating to people's experiences with the company or it's operators. Anyone?
I found it fascinating that pooling the loans and paying all rental income into the one loan/offset account actually increases the equity greater than the cost of the "interest against interest" against the un-serviced loans? Still trying to wrap my head around the maths of that.
Hi ozsupra,
Are you able to expand on why you wouldn't recommend? Do you have a better alternative?
I spoke with Canterbury the other day and I'm considering the option however have concerns about the cross-collateralisation aspect of the strategy. I am in a low-risk industry for legal action and would purchase income protection to cover me from that perspective, and being 29 perhaps I should work up a greater risk appetite?
I found it fascinating that pooling the loans and paying all rental income into the one loan/offset account actually increases the equity greater than the cost of the "interest against interest" against the un-serviced loans? Still trying to wrap my head around the maths of that.
Thanks in advance for any further feedback you can provide.
Hi ozsupra,
Are you able to expand on why you wouldn't recommend? Do you have a better alternative?
I spoke with Canterbury the other day and I'm considering the option however have concerns about the cross-collateralisation aspect of the strategy. I am in a low-risk industry for legal action and would purchase income protection to cover me from that perspective, and being 29 perhaps I should work up a greater risk appetite?
I found it fascinating that pooling the loans and paying all rental income into the one loan/offset account actually increases the equity greater than the cost of the "interest against interest" against the un-serviced loans? Still trying to wrap my head around the maths of that.
Thanks in advance for any further feedback you can provide.
yet here you are sitting in the middle of a Canterbury forum,
beckstakat, I'm a long term Canterbury client. Perhaps the way the figures work will make more sense if you watch the Canterbury animation: www.youtube.com/canterburyanimation