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Refinancing a property held in a trust.

Discussion in 'Property Finance' started by mike8t1, 1st Apr, 2016.

  1. mike8t1

    mike8t1 Member

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    17th Aug, 2015
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    Sydney
    Hi Friends,
    I was wondering if refinancing a property held in a trust is the same as for an individual?

    This is simply a hypothetical for my own knowledge.

    Thanks
    Michael
     
  2. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    Location:
    Perth WA
    More or less - extra documentation of course, and structure, but the process is the same.
     
  3. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    Yes, same situation - unless the trust deed prohibits it in some way.
     
  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Location:
    Gold Coast
    If there is a family trust involved. Then servicing may be affected because in most cases family trusts quarantine negative gearing
     
    Jess Peletier likes this.
  5. Mick C

    Mick C Well-Known Member

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    18th Jun, 2015
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    Location:
    Sydney
    Same...but some extra ( Compared to individual) cost depending on state etc..