All Topics / Finance / Seeking a Broker in Western Sydney

Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of SalinaSalina
    Member
    @salina
    Join Date: 2009
    Post Count: 8
    September 26, 2011 - 12:35 am

    Hi

    I currently have 4 IP's and my existing Broker has placed all 4 loans with the one bank.  I'm not sure whether this is the best structure for me and would like to have an independent review performed by a broker that typically deals only with investment properties.  (My currently broker deals predominantly with residential loans). 

    Can anyone recommend a good independent investment property broker in the Western Sydney area please?  Thanks

    Profile photo of Mick CMick C
    Participant
    @shape
    Join Date: 2010
    Post Count: 1,099
    September 26, 2011 - 3:02 am

    Brokers will always (or should) give a reason for their recommendation.

    Did your broker give you a reason WHY he placed all the loans with that one bank? ( not a smart investment move due to exposure limit)

    Regards
    Michael

    Mick C | Shape Home Loans
    http://www.shapehomeloans.com.au/
    Email Me | Phone Me

    Same Banks. Better Rates. Served With a Passion.

    Profile photo of SalinaSalina
    Member
    @salina
    Join Date: 2009
    Post Count: 8
    September 26, 2011 - 4:33 am

    Hi Micheal

    No reason….but I did have my savings account with them (ING Bank),…so maybe that's why the Broker suggested going with ING (?)

    Profile photo of Mick CMick C
    Participant
    @shape
    Join Date: 2010
    Post Count: 1,099
    September 26, 2011 - 4:51 am

    Who were your loan with before?

    Mick C | Shape Home Loans
    http://www.shapehomeloans.com.au/
    Email Me | Phone Me

    Same Banks. Better Rates. Served With a Passion.

    Profile photo of LalibellaLalibella
    Participant
    @lalibella
    Join Date: 2007
    Post Count: 116
    September 26, 2011 - 8:19 am

    Hi Salina. try Karen Fancey. She's a local and will help you unwrap your loans.
    E: [email protected]

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    September 26, 2011 - 10:03 am

    ING are not one of the better lenders for IPs IMO – cashouts can be a real pain.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Mick CMick C
    Participant
    @shape
    Join Date: 2010
    Post Count: 1,099
    September 26, 2011 - 10:22 am

    Agree with jamie.

    I would only suggest ING for new purchases due to the reduce LMI cost …but def not for refinance….

    Regards
    Michael

    Mick C | Shape Home Loans
    http://www.shapehomeloans.com.au/
    Email Me | Phone Me

    Same Banks. Better Rates. Served With a Passion.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    September 26, 2011 - 11:18 am

    I would suggest Michael as he is based in Sydney and a very experienced forum member.

    He has already answered your post so you can obtain his contact details from there.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

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