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Hi Im looking for a good lender who can lend to Hybrid Trust with a good rate, can anyone help?
Hi there
Yes many lenders do. It is like saying how long is a peace of string.
Each client has different requirements and circumstances so tailoring a product to suit is more appropriate.
Post some further information and we can assist.
Richard Taylor | Australia's leading private lender
ok,
im trying to use my HDT to buy a home/land package. I heard that there are not many lenders who would do the home as it is not built yet, would need a construction loan. Which lender would lend? Im hoping one of the big banks will….You are right there a fair few who dont and many of the majors who really dont understand the concept of an HDT.
In saying there a few good lenders who have no problems.
Richard Taylor | Australia's leading private lender
It all depends if you have a company as Trustee. If no company, then most will probably lend. If a company, then the number of lenders drops because the loan will need to be in a different name to the title holder.
On a different note, please be extremely cautious with using a hybrid trust. The ATO has recently issued a number of private rulings and it seems many of the HDT deeds out there will be inadequate for allowing the unit holder to claim interest against their personal incomes.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
As Terry you would want to ensure your Trust Deed was vrey carefully worded given the PR's coming out of the ATO.
If in doubt use a Unit Trust structure.
Richard Taylor | Australia's leading private lender
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