Recent developments in the Australian Banking sector has resulted in many individuals finding themselves unable to find mortgage finance from traditional lenders, such as banks, credit unions or mortgage brokers.
As a result of this, many of our clients have turned to family and friends for private lending/borrowing. We frequently draft up mortgage documents for the Lender (Mortgagee) so their principal is safely protected either through a mortgage over the property or if there is an existing mortgage, then through caveats and unregistered second mortgages.
As a result of this, many of our clients have turned to family and friends for private lending/borrowing. We frequently draft up mortgage documents for the Lender (Mortgagee) so their principal is safely protected either through a mortgage over the property or if there is an existing mortgage, then through caveats and unregistered second mortgages.