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 | 18 Jan 2016 | Business, General, Home loans, Investments, Leasing, SMSF
In past articles I have written about how banks have been forced to become more conservative in their residential property lending. They have generally done this by reducing LVR’s tightening servicing requirements, increasing living expenses and using price as a way...
by Nick Rainsford | 11 Jan 2016 | Business, General, Home loans, Investments, SMSF, Uncategorized
To quote Polonius more completely than the title suggests: Neither a borrower nor a lender be For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. William Shakespeare, ca. 1598, Hamlet Act 1, Scene 3 When Hamlet was first performed in...
by Nick Rainsford | 11 Nov 2015 | Business, General, Investments
A few weeks ago, I wrote an article entitled Picking Winners. It has since been pointed out to me by a few readers that the opposite is in fact true in banking. That is, banks look into a crystal ball and through the eyes of their credit management try and pick the...
by Nick Rainsford | 1 Nov 2015 | Business, General, Home loans, Investments, SMSF, Uncategorized
By the end of last week all four of Australia’s major banks had raised or were going to raise rates on housing finance. They were joined by – what was once – Australia’s largest investment bank. The rate rises are as follows: BankRate Increase ANZ0.18% CBA0.15%...
