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The loan I'm on is interest only for one year and then it gets reassessed and extended. Let's say it's with a conservative lender like ANZ, then the second loan is with a more relaxed lender like NAB. From what I've been told, some lenders may lend up to 200k-300k more than others which rings an...

What if you are on an interest only period with bank A and have the ability to borrow $300k more with them. Then you borrow say $400k with bank B, because they have more relaxed criteria. When it's time to renew your interest only period with bank A and they review your serviceability, you...