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Nic32
Freshie
Last Activity: 11-10-2021, 02:19 PM
Joined: 09-10-2021
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  • Nic32
    replied to Finance problems
    Whoops, the trusts have a corporate trustee too.

    The trusts can service the debt. ASB said that it gets tighter if the interest rate was 6%. The main problem both banks have mentioned is my wife’s lack of income. They take into account half of the cost of our personal mortgage, even though...
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  • Nic32
    started a topic Finance problems

    Finance problems

    Hi
    My wife and sister in law have a rental that they inherited a while ago. The ownership structure has two trusts with my wife as the only trustee of both. We don’t want to change the structure for tax and protection reasons.

    We’re trying to refinance and running into problems....
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