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What your banker won’t tell you
With the new financial year underway, lawyers looking to expand their property portfolios or get on the property ladder should do the “smart yards”, not rest on the laurels of increased borrowing capacity, and ensure they are getting the best deal for themselves in the current market.
Robyn Tongol
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In this episode of The Lawyers Weekly Show, host Jerome Doraisamy welcomes back Legal Home Loans director Andrew Johnson and director of sales Cullen Haynes to discuss the state of the “moveable feast” that is the Australian property market, why banks move their rates in line with the Reserve Bank, whether the start of the new financial year brings new opportunities for lawyers to be aware of, and what bankers might not be telling legal professionals about how best to get ahead.
Johnson and Haynes also delve into the good news for lawyers who have been promoted in recent times and those who run their own practices, why asking the right questions is so critical, the need to be diligent and not rest on one’s laurels, practical steps that lawyers can and should take at this juncture, meaningfully making time to do a financial wellness check, having a personal board of directors for financial matters, considerations for high-net-worth lawyers, and why if you don’t ask, you don’t get.
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