There are many aspects to consider when purchasing an investment property. Some of us have more options than others, which can make personal financial advice and assistance to help sift through the options very attractive. Access to tailor-made banking support and services can help you achieve your dream.
Westpac Premium Financial Services offers a range of flexible products and services. This includes a relationship manager, who will work one-on-one with you and take the time necessary to gain and maintain a genuine understanding of where you are now and what your goals are. A Westpac relationship manager has access to a range of business partners to ensure all your needs are met, including the protection of your wealth.
Sherin Strachan, a relationship manager for Westpac Premium Financial Services says, "Professional people usually have clear ideas about what they want for their future. Characteristically, they are well informed but time poor. For example, take a Sydney couple who want to spend more time with their children and grandchildren in Melbourne, and have seen their dream apartment.
"They are intent on keeping the family home in Sydney in addition to their new purchase, and are looking to explore what other options are available to them."
In this instance, the couple knew they could afford the move, but were unsure how much they could borrow. Westpac Premium Financial Services could talk about their plans with them and provide some options.
"The couple wanted to know if they could unlock the equity built up in their family home to help fund this venture. There would be a number of strategies they could choose from.
"To take one example, leveraging equity in an existing home loan could be arranged so they access only the amounts needed and pay interest only on funds used.
"Customers can apply to top up a new loan or apply for an additional loan and pay that back faster than the existing loan. This suits some people, as it helps keep their goals separate, manageable and on track," Strachan says.
Westpac can also help with insurance for a new property and Premium Financial Services can help ensure you have the appropriate amount of cover.
"If you are buying, building or investing, and earn over $150,000 per annum, Westpac Premium Financial Services is a valuable first port of call to help you achieve your dreams," says Strachan.
For further information and more details, visit your local Westpac branch or contact your local state manager. To find Westpac Premium Financial Services in your area, visit the website: www.westpac.com.au .
05 Aug, 2011
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