by Nick Rainsford | 29 Aug 2015 | Business, General, Investments
This article is about the street interest rates that an increasing number of non-PAYG business owners and people without security pay. Most banks have equated these otherwise customers to financial lepers and thus excluded them from accessing their balance sheets....
by Nick Rainsford | 22 Aug 2015 | Business, General
Have you heard your bank talk of how relationships are important lately? Probably, what you need to do – as you would with any relationship – is measure that talk against reality. If your bank has cut its cost to income ratio dramatically in the past decade,...
by Nick Rainsford | 10 Aug 2015 | Business, General, Home loans, Investments, Leasing, SMSF
Before you get too excited, I mean rejected by your lender. You know, for a commercial loan, lease, investment loan, mortgage…any kind of debt. The current homogeneity of the financial services sector is astonishing. Most lenders – and it’s not only banks – follow the...
by Nick Rainsford | 4 Aug 2015 | General, Home loans, Investments, SMSF
We’ve heard a lot of bad news in recent years. Now the mining boom is over our economy is more normalised. Some of the slack has been taken up by the extraordinary boom in property prices – and so the cycle continues (as my favourite economist, Don Stammer,...
by Nick Rainsford | 2 Aug 2015 | General, Home loans, Investments, SMSF
Let me give away the ending. Because they can and because the Government is allowing them to. The banks have silently reacted to the threat of regulatory capital restrictions (imposed by the Government) by raising interest rates on investment loans. Every investor...
