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You would be correct. Cashbond is a financial structure using a LOC & an Annuity as its components. On their own each component is known to your banker, however if you mention the term cashbond they will look at you with blank faces. Bankers are employed to fit round pegs into round holes in...

Pete, assuming sufficient size portfolio & equity generated, what about LoE via a cashbond structure? Can use the CB to continually show DSR and also utilise the funds from CB for lifestyle costs. Kill 2 birds with the one stone.