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  1. Corey Batt

    Interest only with an offset against PPOR

    The new changes actually make interest only a negative for the majority of lenders - as the serviceability is instead calculated on the remaining P&I period, ie, a 25 year loan instead of 30. There are some non regulated lenders which will still accept actual repayments for their calculations...
  2. Corey Batt

    Interest only with an offset against PPOR

    If you redraw funds against a PPOR loan for non investment use/PPOR renovations, then rent the PPOR out in the future the redrawn portion will not be tax deductible, as the purpose of those redrawn funds is not aligned to an investment. This means you will have a contaminated loan and any...
  3. Corey Batt

    Interest only with an offset against PPOR

    Also, who are you looking to put the lending with? Most lenders won't allow you to attach an offset account to a fixed rate, which may unhinge a part of your plan. There are some lenders of course who will allow it, and is generally one of their primary product niches.
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