That’s great. What I’m concerned about is the requirement to have all the beneficiaries of the trust as guarantors.
Are there lenders who don’t have this requirement?
Search found 2 matches
- Thu Jul 11, 2019 2:02 pm
- Forum: Home Loan Forum
- Topic: Which trust structure do mortgage lenders prefer - Discretionary or Unit trusts?
- Replies: 3
- Views: 9344
- Wed Jul 10, 2019 6:17 pm
- Forum: Home Loan Forum
- Topic: Which trust structure do mortgage lenders prefer - Discretionary or Unit trusts?
- Replies: 3
- Views: 9344
Which trust structure do mortgage lenders prefer - Discretionary or Unit trusts?
Hi, I’ve been consulting my accountant about setting up a trust to purchase another IP (investment property). I’ve been debating between a unit and discretionary trust. I guess my question is how do lenders view trusts? Which trust structure do lenders prefer?