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Tag: banks

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Navigating lending during the COVID-19 period

We’re currently in an unprecedented territory – a health/hygiene issue sparked strict social distancing protocols and lockdown. The consequence? All those businesses deemed as “non-essential” are now forced to shut shops/hibernate and employees were let go due to business revenue getting hit hard. Whilst government is diving into Quantitative Easing territory (like never before!) in…
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Cross Collaterisation – what is it and who does it benefit the most?

Do you know what Cross Collaterisation is? If you have multiple properties and all loans are with setup by one single lender then chances are, your loans may be cross collaterized. When you purchase a property, you usually would chip is 20% of deposit and borrow 80% as mortgage which is secured against the property…
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