The diversification of property portfolio’s has been ever present in the Australian property market over recent years.
Particularly in the case of small business owners, we’ll notice a pattern similar to that outlined below:
Step 1, Purchase home
Step 2, Purchase investment property
Step 3, Purchase commercial property for investment and or to operate business from
Step 4, Further diversification into residential and or commercial property.
Clients representing this or a similar pattern of portfolio development will often find themselves in poor lending packages despite what is usually a higher total debt position which should qualify them for greater discounting.
IFG can run a simple audit on the existing lending portfolio and often make recommendations and implement savings of several thousand per annum.