Reasons for Refinancing

- To restructure borrowings to a more tax effective and flexible    basis
- To lower your interest rates and fees
- To escape from a difficult and inflexible lender
- To borrow additional funds for expansion or investment    purposes i.e. second outlet, additional property etc
- To lengthen the term of your borrowings to reduce repayments

To establish if it is beneficial and possible to refinance you need to establish the benefits of a proposed refinance and calculate the annual interest rate and fee savings that may result.

Its Not as Difficult as You May Think

Sometimes we overlook the fact that as customers of our lender that we have rights and deserve to be treated as a valuable customer. There is a temptation however when we are given poor service and excessive rates and fees by our lender to remain a customer through loyalty or the perceived inconvenience of refinancing. This should not be the case, particularly when a better deal is available. you can vote with your feet. It is not that difficult or expensive to refinance.

Refinance Terms

The interest rates and fees that apply to newsagency refinance loans vary significantly depending on the following:
- type of security
- the loan term
- the amount borrowed
- the term of the premises lease
- the amount of time the business has been owned
- its profitability.

Refinance Assessment

We will provide you with the specific terms, costs and savings associated with your proposed refinance. To do this we will need you to complete and submit the following 'refinance assessment' form. We will then email a refinance proposal to you which may surprise you with the savings and benefits to be obtained. The terms that we provide however, will depend on our lender's assessment of the refinance proposal and the viability of the newsagency business.