26hrs later funds in account. Stupid really they cant just up the limit. But I can put funds back to loan and redraw when I need it (Yes I checked) so I did that. I suspects its some legal issue with increasing a loan. Upping a limit may not be an "advance". I don't know. The Mortgage Company seem to do it smoothly. No complaints.
Isn't that how a standard variable loan works? Whereas if it was an equity loan it would not transfer the funds to a nominated account?
(Had that happen to me multiple times before with St George - I always suspected it was because i had a Standard Variable loan as opposed to the Portfolio Loan - did that to save on 0.15%)