Eating Redraw

I will sometimes talk with clients about ‘eating redraw’ and they generally look at me like I’ve asked them to eat a budgie.

OK – that’s a little too close to home given a budgie is sitting on my shoulder as I write this! But here’s a little video to go over what I mean. Often I’ll use this strategy in conjunction with the option not to cross collateralise – see this blog too here: