by Nick Rainsford | 29 May 2016 | Business, General, Home loans, Investments, SMSF
This week I was sent an article from an insolvency practitioner and friend with the headline “Research Shows 60% of SMEs are Refused Loans”. You can read the full article here. We also have a couple of home loan applicants that are quite well off who are struggling...
by Nick Rainsford | 22 May 2016 | Business, General, Home loans, Investments, SMSF
Step right up. Around and around it goes where it stops nobody knows.Step right up. Around and around it goes where it stops nobody knows. No more bets. This housing cycle is almost complete – although last week’s auction clearance rates would argue strongly against...
by Nick Rainsford | 15 May 2016 | Business, General, Home loans, Investments
We at Thyme Financial had never received an inquiry from non-resident borrowers for residential property until this week. So you’re a non-resident borrower who, some time ago, put down a deposit for an off-the-plan apartment. The project is coming to completion and...
by Nick Rainsford | 8 May 2016 | Business, General, Home loans, Investments, SMSF
Every property boom in living memory has ended badly. This one will be no different. There will be tears…eventually. Please don’t ask me when. If I knew the answer I wouldn’t have my wife staring daggers at me while I push this article out on Mothers Day. For the...
by Nick Rainsford | 1 May 2016 | General, Home loans, Investments, SMSF
The fear of missing out makes people do strange things with their finances. When we tell clients to borrow less, we’re met with incredulous looks. For example, we had a client recently who had a $700k mortgage on a home worth around $1 million in a Sydney...
by Nick Rainsford | 24 Apr 2016 | General, Home loans, Investments, SMSF
In recent weeks we have had a number of inquiries from borrowers in their 60’s. They had been to one (or more) lender(s) and were told that they were too old to borrow against a property and were left dejected. While it’s true that lenders baulk at lending to older...
