HDT Friendly banks

[julia]

Hi All,

Does anyone out there know what banks are HDT friendly? So far only the Bank of Qld has be interested.

Julia
www.bantacs.com.au

 

[Muz]

HDT Bank

Hi julia,

I'm with St G

 

[kaf]

Hi Julia

We just settled with Heritage Building Soc and that's all been smooth (thanks Medine!!)

kaf

 

[Rolf Latham]

Hiya

Much depends on what LVR and also if its a corp trustee.

Many lenders and insurers can be persuaded, some have outright exclusions though via normal residential channels like Homeside, Adelaide, RAMS, Colonial/CBA ect

We tend to have good success with HBS, Macq Bank, STG, ANZ, ING, WBC, NAB, IMB and a few others.

One big challenge with some lenders and some mortage insurers is the lenders want for a Fixed and floating charge (RMD) on the trustee and/or guarantees from all primary named adult beneficiaries that arent borrowers.

ta
rolf

 

[austini]

Hi Julia,

I have had no problems with NAB for HDT loans.

Cheers - gordon

 

[JIT]

I've used Bankwest.

 

[julia]

Wow! thanks everyone!

Julia
www.bantacs.com.au

 

[Medine]

Hi Guys,

Thanks kaf!

No matter who you use it really comes down to whether or not the bank's assessor and the legal secretary that produces the documents understand the structure.

So, even if you know that a bank will do the structure, make sure you check your documents carefully (or get your friendly mortgage broker to do it ) to make sure that it has been implemented in the right way!

Cheers, Medine

 

[Bandita]

Hi Julia,

We just settled on a HDT loan with ANZ without any issues. I've also been told St George, Bankwest, and Macquarie are OK with HDT loans.

Cheers,
Jen