Thanks Terry - I thought that was the case but replies to the OP's question had me thinking it could be done.
Brady - yes agree. That is being done atm. In the meantime I actually found our next IP - too good to pass up.
Thanks OP - this has raised a question of my own.
If I have funds in redraw in my PPOR loan - can redraw them to pay a deposit on an IP - and the apportioned interest on that amount is tax deductible?
When my refi on another IP is complete and equity released - can I pay back that money...
