Hello Skip. Welcome to the forums.
are complicated in general and only a few lenders are willing and able to handle discretionary trust loans
, even fewer lenders among them are willing to lend to unit trusts
. From a strictly mortgage lending perspective, a discretionary trust structure with individual beneficiaries is preferable to unit trusts as it offers more choices in lenders. Another thing to note is that trust structures with a company/ corporate trustees are harder to finance.
Trust loans are more complicated and require experienced staff to assess the documents carefully and to confirm if the trust is allowed to borrow money.
You’ll also want to consider a hybrid trust structure
which can take the best-desired features from both discretionary and unit trusts.
As for the suitability of a trust structure, your accountant/financial planner may be able to better assist you in regards to that.
Give us a call on 1300 889 743
or fill in our free assessment form
to find out if you qualify for a trust home loan.