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Thanks again Terry, much appreciated! You forgot to tell me whether I should be getting a new tax accountant, mortgage broker or both ;) for not providing me with a response like yours

Thanks Terry. My loan is IO and does have a redraw facility. I was not advised by my accountant or mortgage broker, which should I be replacing? As an example, if I top up my 70% loan to 80% again. Where does the new 10% appear? Where should the 10% sit while I search for IP2 in order to...

@ Paul@PFI I am in a similar situation to devank. I am about to have my IP1 revalued, I was curious what is the best way to handle the situation without tainting IP1? Keep the refinanced amount in a separate savings account collecting about 2% interest until IP2 has been purchased? I...