Tina Pham replied to the topic Using trust income to borrow in the forum Finance 11 years, 9 months ago
Hi wilko1,
All banks have different policies when it comes to assessing income from your family trust.
Most will require all adult beneficiaries above 18 to guarantee the loan. This becomes incredibly cumbersome, and of course many beneficiaries do not want to be personally responsible for the family trust’s loan.
It is important that if you do…[Read more]