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    Advice of fianacing my first IP

    It is not the cost of the partial discharge it is the painful process that is the issue. yes now approved u can change structure and or lender or preferably use westpac on home portion and another lender on the purchase
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    Advice of fianacing my first IP

    u done a partial discharge with Westpac lately mate? He is going to sell the home. Important thing is he got the property but it will be a bit painful later
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    Advice of fianacing my first IP

    congrats on the approval! Still wouldn't have cross secured u will have problems later when/if you sell but don't stress about that for now:D
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    Advice of fianacing my first IP

    that's it you got it :D. let us know how you go. Additionally if i was u i would get as much cash out against the home now if you can and just dump it in offset account so you have a big buffer and the deposit for the next one is just sitting there until you decide to buy again. good luck
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    Advice of fianacing my first IP

    Just needs to be presented right to a lender. I am suggesting 2 loans that borrow 100% plus , don't put any cash or shares into it. Borrow 80% with one lender to buy the place Borrow 20% plus costs and buffer say 30% against the home = 110% So you borrow the whole amount just with...
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    Advice of fianacing my first IP

    Mate that is an easy situation. Don't cross secure the properties. Borrow 80% against the new purchase and 20% plus costs and a nice buffer against the home on a second loan and I would suggest use a different lender for both loans. Additionally I would get a new broker. Good luck
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