To clarify, RAMS was purchased by Westpac around 3 years ago.  What WBC purchased was the brand and the franchise network.  What WBC didn’t keep was the existing loan book which, other then any loans that they sold off, become RHG loans.  The majority of the products that become RHG had early repayment fees during the first 3 years which shou…[Read more]

This is what I have managed to find out about the diffences between the Head Lease model and NEJV.The head lease version of NRAS (or Heads of Agreement) was thought to be restrictive by banks and lenders as there was some concern in regards to the disposal of the security property and the restrictions that the head lease placed on this.  The WBC…[Read more]

Hi ReggieI'm new to this forum but I have spent months researching the NRAS scheme and the available properties.  There seems to be a lot in Qld at the moment that look quite interesting.  I am sure that you know the basics of the scheme from the available information on the internet.  I have been involved from the finance side of NRAS when we be…[Read more]