Please note that this content has been designed for informational purposes only and does not constitute individual financial advice.
Is changing banks something that, like Lloyd Burr, you’ve been wanting to do for a while, but could just never be bothered doing?
It may seem like a bit of a hassle but changing banks can come with a raft of benefits – like a cash back for your mortgage, unlocking additional lending, or removing your home mortgage from cross security with your investment property.
And while changing banks may come with tactical perks, like a slightly lower interest rate for your mortgage, for enable.me clients it’s often the strategic benefits that make changing banks worth the effort – unlocking further opportunities to grow wealth or lowering the risks involved with property investment (like having your properties cross-secured).
Check out the full conversation between Hannah McQueen and Lloyd Burr below to learn more about what’s involved in switching banks, when it might be worth considering it, and the things to look out for to make sure it’s worth it in the long term.
And, if you’re wondering whether switching banks is the right move for you, we recommend setting up a time to meet with one of enable.me’s financial advisers.
Disclaimer: This blog post is for informational purposes only and does not constitute individual financial advice. If you’re interested in receiving personalised financial advice, you can book in a consultation with an enable.me coach. Costs apply.