Servicing and personal guarantee

Discussion in 'Loans & Mortgage Brokers' started by JohnPropChat, 9th Feb, 2020.

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  1. JohnPropChat

    JohnPropChat Well-Known Member

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    Which lenders exclude a personal guarantee as director of a company trustee from servicing in personal names? I think worstpac doesn't care. Any others?
     
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Depending on the overall A&L and the REAL nature of the guarantee ( for eg a trust running a quality tenant in a commercial property with more Net passing rent than total cost) many lenders will make a business decision on the facts rather than just policy per se.

    ta
    rolf
     
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