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oh -and prob no need to take out a LOC. A variable interest only split will usually achieve the same result albeit with a lower rate. Cheers Jamie

Hi Kunzy The logic behind splitting the loans looks correct. However, I'd up the loan amount for the second split to cover purchase costs too. Bummer about the principal on loan 1 being reduced so far. In the future - if your new PPOR (the one you're buying) becomes and IP then you'd...