All Topics / Finance / Lenders vs x-collateral

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  • Profile photo of ZZ
    Member
    @z
    Join Date: 2004
    Post Count: 8
    October 12, 2005 - 11:28 am

    Just wanted to know which of the major lenders would allow me the option NOT to x-collateralise my securities?

    Thanks
    Z!

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    October 12, 2005 - 11:59 am

    All of them.

    It really depends on the LVRs of each property.

    Cheers,

    Simon Macks
    Residential and Commercial Finance Broker
    ***NODOC @ 7.15% to 70% LVR***
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    October 13, 2005 - 8:54 am

    As Simon mentioned no lender can force you into cross collaterilsing securites unless your equity is not sufficient for the loans to stand alone.

    If they tell them to sling their hook and go elsewhere

    Cheers Richard

    [email protected]
    http://www.yourstatefinance.com

    Specialising in US & IP finance.

    Richard Taylor | Australia's leading private lender

Viewing 3 posts - 1 through 3 (of 3 total)

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