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Servicing Guarantee

Discussion in 'Property Finance' started by MC1, 9th Sep, 2016.

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  1. MC1

    MC1 Active Member

    Joined:
    23rd Jun, 2015
    Posts:
    27
    Location:
    Melbourne
    Brokers, I haven't had a request for a servicing guarantee for a number of years. Who are the go to lenders?
     
  2. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,781
    Location:
    Perth WA
    ANZ is the only one, and lots of restrictive criteria.
     
  3. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

    Joined:
    9th Jul, 2015
    Posts:
    1,078
    Location:
    Perth
    Its usually restricted to a spouse these days.
     
  4. MC1

    MC1 Active Member

    Joined:
    23rd Jun, 2015
    Posts:
    27
    Location:
    Melbourne
    Thanks guys
     
  5. Redom

    Redom Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    863
    Location:
    Sydney (West) and Canberra
    Just about nobody (ANZ do/did have a niche servicing guarantor allow for very well off parents I believe still - but not written very much, high hurdles and high net worth).
     
  6. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    9,005
    Location:
    Sydney
    Trustee borrower?