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Hi all,
I have a family trust with my company being trustee along with myself and spouse.
The trust owns my business and I have just bought my first investment property under the trust . I have obtanied loan from CBA and ING (MYRATE) However,my spouse and myself have sign as co borrowers? Does this not defeat the purpose of the trust. If we have to be guarantors My current house will be on the line. Can I refuse this? They also wanted a list of all my assets and liabilities. They should only have hold on my investment property and nothing else.
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