Macquarie PPOR loans?

Hello,
Does anyone know how Macquarie treats loans that are cross collateralized with PPOR and investment properties? I have heard some lenders (like 1stmac) treat all your lending as PPOR if you PPOR is with them.

Cheers

 

Not sure, but I will say that a few points off your rate is not a good reason to cross your loans. Better off splitting them up and getting your structure right as the first thing, and worrying about rate second.

 

Don't let them cross coll and avoid the issue

 

I agree crossing is bad, is an old loan from a long time ago. Also what about if you had 2 separate loans with macquarie? would they treat both as PPOR if you have your PPOR with them?

cheers

 

No, Macquarie won't treat your IP loan as a PPOR loan. They will be more open to negotiation on the IP loan because they hold both properties. You'll get a better deal on the IP loan than you normally would, but it won't be as good as the PPOR loan.

 

Macq are quietly discounting IP loans again, but they're offering isn't very competitive in that space.

You may be able to negotiate a better deal with both securities on the table - the actual crossing won't really help you with a rate discount.

Cheers,
Redom

 

Thanks for your comments. I wonder how Mac or others for that matter would treat you if you have 1 existing loan but it has 2 properties as security, one of which is your PPOR?

 

Westpac and Suncorp will both give you PPOR rates.