Commercial serviceability through company structure

Discussion in 'Loans & Mortgage Brokers' started by CK_Invest, 19th Apr, 2020.

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  1. CK_Invest

    CK_Invest Well-Known Member

    Joined:
    4th Apr, 2016
    Posts:
    199
    Location:
    Sydney
    Hi

    May I please check, from a serviceability standpoint, owning a commercial property through a ltd company name with 50% ownership through myself and 50% spouse if thks will this hurt my serviceability in the sense the company debt is treated 100% with me yet rental is treated as 50%? (similar to resi)

    Thanks
     
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    15th Aug, 2005
    Posts:
    7,515
    Location:
    Gold Coast
    with most lenders yes

    Worse still there is no gearing addback with most lenders.

    there are policies that exclude compnay asset laibs and income, like wbc, and can be swung eith other lenders, but will need policy exceptions.

    Sounds like u dont have a trusted banker/broker

    Suggest u get one ASAP

    ta

    rolf
     
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Plus Member

    Joined:
    9th Jun, 2006
    Posts:
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    Location:
    Australia wide
    Directors and sometimes shareholders will need to give a personal guarantee and with most lenders guarantees are treated as loans for serviceability