Task 2c Prepare complex broking options You are required to prepare a full report for Bill and John by outlining the process and the risks {potential and real) of which Bill and John should be aware. In a suitable format, document the process that is required for them purchase the new property and establishing the loan. In developing your report you should cover the following: 1. The parties to the loan 2. The best physical set up with the lender are they using their own property as cross security or the investment property? 3. What name should the title be registered in given there is a Trust involved and advise what state you are basing your answer in The procedure to commence a loan for a property like this The steps that will need to be in place The client responsibilities {Bill and John should fully understand the loan that is proposed) An outline as to the lending process and what the client needs to arrange The documentation needed to commence the borrowing 9902495\"? The name in which the client will sign the contract to purchase 10. The state revenue requirements 11. A statement as to whether guarantees from spouse's or any other security will be required and why this is/is not the case 12. The maximum LVR 13. Suggest three {3) lenders to client's that would be likely to consider this request 14. A summary of fees and charges including those for setup and those of the lender. Note: You may make any reasonable assumptions necessary in order to complete the proposal. {800 wordsl