Search results

  1. Jamie M

    Finance for IP

    Into the actual loan. As long as it's redrawn for investment purposes it won't be contaminated. If you redraw it for mixed investment/personal use you will. Cheers Jamie
  2. Jamie M

    Finance for IP

    No probs :-) If the property is worth $380k then you'd set up two loans. Loan 1: Current loan of $250k Loan 2: Equity release loan of $54k (set up as variable, interest only) A few assumptions though: - That $54k equity release assumes an 80% LVR. Some lenders will allow you to go...
  3. Jamie M

    Finance for IP

    I'd set up a second interest only variable split and park the equity release back into the loan - and redraw later for investment purposes. Depending on how much equity you require - it could be worth while getting a couple of upfront valuations done. Cheers Jamie
Back
Top