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MFAA Prosper : Mortgage and Finance Brief 05
NRAS Seminars for Financial Professionals The Westpac group and other major banks have now issued clear new guidelines for lending against National Rental Affordability Scheme (NRAS) properties. QPEx has access to thousands of NRAS investment properties (Both approved and pending arrproval)− and they will need to be sold and professionally financed. The opportunities for Finance Brokers and their clients are obvious. QPEx Property Research is conducting a series of Seminars specifically designed for Financial Professionals in the major centres in coming months. QPEx will outline key NRAS marketing opportunities and explain all you need to know to offer this exciting concept to your current clients or to attract new clients − including how to avoid the three major NRAS pitfalls. Each attendee will receive a free NRAS Broker pack. To register, please call 1300 PROPERTY (1300 776 737) or visit www.qpex.com.au Sydney • Melbourne • Brisbane Property Wholesalers •Houses •Units •Townhouses •NRAS & Other “Our last two offices were open plan but this one has cubicles, which our customers prefer because it provides more privacy.” important as would be having a shopfront.” He says whether a mortgage broker decides to buy or lease premises would depend on the individual’s investment strategy. “Part of someone’s superannuation strategy may be to buy the premises,” he says. “But I think it is more common to lease, especially if it’s a smaller operation.” He says when negotiating a lease, brokers should be asking for rent-free periods. “One week per year is usual so for a two-year lease they should be seeking two free weeks,” he says. “I also feel brokers would be able to move premises quickly if they had to so I wouldn’t be paying a premium for an address – it’s quite a portable business.” BackOffice
Mortgage and Finance Brief 06