Finance Products

Money Choice understands that property investment can become more complicated as your portfolio grows. Together we will select the facilities that best suit your needs and requirements from our extensive range of products. Our aim is to provide the best possible service and expertise, ensuring each client receives the right product to suit their needs for now and into the future.

We are experienced in the following finance features and facilities:

• Restructuring
• Investment loans
• Line of equity
• Deposit bonds
• Full documentation facilities
• Low documentation facilities
• Minimised holding costs
• Maximised leverage

CONTACT US TODAY FOR A NO OBLIGATION CONSULTATION

RESTRUCTURING

Refinancing involves changing lending institutions. It means paying out your existing lender and arranging a new Money Choice facility to replace it. The aim of refinancing is to release any untapped equity to continue to invest and to assist with holding costs.

What is involved?

• Clients will need to notify their lender to prepare a discharge authority.
• Once the appropriate funder has been chosen for the client, a completed finance application and along with supporting documents will be forwarded to the chosen funder. Upon conditional approval Money Choice will arrange a valuation on the property being offered as security.
• Upon receipt of the valuation the application and supporting documents will be forwarded to one of our experienced loan processing team memebrs who will manage the process through and keep you up to date with progress. Once unconditionally approved solicitors will prepare mortgage documents.
• Solicitors will obtain a Payout figure and will generally be able to settle the loan within 30 days of the date the Mortgage Documents were issued to the borrower.
• A full restructure will take between 60 and 90 days to process.

LINE OF EQUITY

• An individual accruing line of equity is set up for each individual property.
• The individual lines of equity allow for transparency and the ability to monitor the negative gearing levels of each individual property.
• Rent is paid in and interest and expenses are deducted.
• The shortfall of the investment property accrues and interest only is payable on the accruing shortfall.

LOW DOC FACILITIES

The Low Documentation (Low Doc) loan allows you to overcome the normal paperwork barriers between you and your home loan. They are designed to assist people who do not qualify for a traditional home loan to buy a property.

They still require the application to be made in writing, however you may not be required to provide much of the paperwork that is necessary with standard home loans, such as proof of income, assets or liabilities.