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Who still margins lends

Discussion in 'Managed Funds & Index Funds' started by MrDarcy, 10th Jul, 2006.

  1. MrDarcy

    MrDarcy Well-Known Member

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    Latest BT approved list says no more Navra Australian funds, just like Commsec. Who is left that does ?
     
  2. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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    Lift Capital (my personal preference)
    St. George Margin Lending (customer service is okay, but not great, slightly more expensive than Lift)
    Suncorp (cheap rates but from what I've been told, their customer service is poor at best, rumours are they're wanting out of margin lending altogether)

    Mark
     
  3. MrDarcy

    MrDarcy Well-Known Member

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    Thanks, I also use Suncorp but Navra wasn't on the list last time I looked, bugger I would have taken up their 7.15% fixed :mad: So far service has been good.

    Thanks for Lift Capital, but rates are higher than BT :(
     
  4. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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    Don't forget the discount if you go through Navra.

    Mark
     
  5. Glebe

    Glebe Well-Known Member

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    I've recently cut over from LE to Suncorp for my non-Navra stuff, so far their service seems pretty good. We'll see, early days. But like Mr Darcy I don't think Suncorp are lending on Navra.
     
  6. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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    Glebe,

    I can confirm that they are lending on Navra. At least they were a few weeks ago.

    Mark
     
  7. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    According to their latest updated lending lists, both Suncorp and St. George do seem to be lending against Navra Aus funds (both retail and wholesale), but not against the US fund. It is marked as being a new addition - so has possibly only just happened in this latest update. Both are offering 70% on the Aus funds.

    The only other lenders I've found are Lift Capital (70%) and HSBC (50% LVR)

    The only lenders I've found for the US fund are BT & Lift Capital (70%) and Leveraged Equities (65%)

    If I read their website correctly, Lift capital only offer 5% margin buffer - where most of the others offer 10% ... which effectively means you should lower the Lift Capital LVRs by 5%.

    Similarly, HSBC offer some very high LVRs on some non-Navra funds (typically 75%), but again, only offer a 5% buffer, which effectively lowers those LVRs to 70% when comparing them to other lenders.
     
  8. Glebe

    Glebe Well-Known Member

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    Grr I could have sworn they weren't at the start of June. If I knew Suncorp were, I could have saved alot of money... ah well.. serenity now, serenity now.
     
  9. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    From what I read, they possibly weren't at the start of June - so don't be too hard on yourself!

    I think NFS and NavraInvest have a good understanding on who is offering margin, and who is likely to in the near future - so it might be worth checking with them before making changes ? Just a thought.
     
  10. tasmo

    tasmo Well-Known Member

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    Hi all

    Infochoice has a handy feature for looking up LVR's offered by margin lenders for particular Securities, eg; Navra funds. The information is not as uptodate for Navra as Mark or Sim provides. Once you identfiy the margin lenders you can then look at their approved securities list individually from the InfoChoice site.

    cheers

    INSTITUTION:
    View attachment Infochoice margin lending securities LVR.doc

     
  11. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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    Suncorp came online for Navra on June 2nd.

    Mark
     
  12. MrDarcy

    MrDarcy Well-Known Member

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    I invested via Suncorp twice in June, I'm sure Navra wasn't on their list as I checked a few times looking for an alternative fund. I choose CFS Geared (OK, not much in common but WTF a good choice as it happens), but I still would have invested more in Navra via the Suncorp 7.15% offer had I known.

    Perhaps Navra could do with publishing current margin lenders on their web site. Could promote more investment, especially as so few lenders allow their funds.
     
  13. Glebe

    Glebe Well-Known Member

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    Definitely agree - would save me calling Theresa
     
  14. Saskatoon

    Saskatoon Well-Known Member

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    Hi
    the Navra Aust funds are on the approved list for BankSA margin lending
    (as BankSA is a subsidiary of St George). Current at 3 July.
    Terry
     
  15. Giddo

    Giddo Active Member

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    Mark - I will be buying Navra on margin lending.

    Did I hear the word "discount" ??

    What is this:D about? How does one receive a discount when buying navra on margin?
     
  16. Alan

    Alan Well-Known Member

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    Giddo.

    I think Navra had an arrangement in place where you received something like 0.25% per $250K invested as a discount.

    I forget what amount this was capped at and if it applied to all LEnders though.......