Hi Guys
I have been doing some research and this site looks really handy/useful! So thanks for all the great contributors.
I have a number of properties with a major lender and was looking at getting to a seperate lender for a number of reasons (asset segregation/protection being one of the main ones). I have stuck with my Bank for a while given they have been good to me and given me a competitive rate.
I have reached the Land Tax threshold in NSW and was therefore looking at a Trust. I have got some initial advice/feedback re the C&N Property Investors Trust. I like the look of it given it gives you asset protection as well as the ability to pass it down the family in years to come and also claim the Negative Gearing as an individual (a kind of hybrid truct but there is a tax ruling and seems good structure planning if set up correctly).
If I therefore go ahead with the PIT will it be difficult to get finance (obviously harder than individual but probs doable given financial situation) and/or will the rates be similar to buying in other names?
I would prefer a 10% deposit with no LMI but looking through other threads this seems unlikely so potentially 20% deposit would be paid - this should allow me to have a better LVR and better servicing ability. The guys at C&N told me to go to C&N Finance who are mortgage brokers specialising in Trusts etc just not sure if independant. Do any other Brokers look at/specialise in financing trusts and in particular the PIT as it seems to be quite popular (not main stream but its out there!).
Thanks
SYD
I have been doing some research and this site looks really handy/useful! So thanks for all the great contributors.
I have a number of properties with a major lender and was looking at getting to a seperate lender for a number of reasons (asset segregation/protection being one of the main ones). I have stuck with my Bank for a while given they have been good to me and given me a competitive rate.
I have reached the Land Tax threshold in NSW and was therefore looking at a Trust. I have got some initial advice/feedback re the C&N Property Investors Trust. I like the look of it given it gives you asset protection as well as the ability to pass it down the family in years to come and also claim the Negative Gearing as an individual (a kind of hybrid truct but there is a tax ruling and seems good structure planning if set up correctly).
If I therefore go ahead with the PIT will it be difficult to get finance (obviously harder than individual but probs doable given financial situation) and/or will the rates be similar to buying in other names?
I would prefer a 10% deposit with no LMI but looking through other threads this seems unlikely so potentially 20% deposit would be paid - this should allow me to have a better LVR and better servicing ability. The guys at C&N told me to go to C&N Finance who are mortgage brokers specialising in Trusts etc just not sure if independant. Do any other Brokers look at/specialise in financing trusts and in particular the PIT as it seems to be quite popular (not main stream but its out there!).
Thanks
SYD
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