X-Coll and building large property portfolio

The main reason (i think) for the refinance and xcoll is 1 application with the same commission paid.

The other option would have involved 2 applications and possibly dealing with two different banks. Lot more work for the broker but a better result for you in the long run.
 
The main reason (i think) for the refinance and xcoll is 1 application with the same commission paid.

Seriously, how hard is it to fill in a few more pages and 'clone' an application to another lender portal?! This is a weak excuse for x-coll. Its just lazy for someone to do it on that basis.
 
The main reason (i think) for the refinance and xcoll is 1 application with the same commission paid.

The other option would have involved 2 applications and possibly dealing with two different banks. Lot more work for the broker but a better result for you in the long run.

But I agree with you (I think!) - or a lack of education/stuck in their ways.
 
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