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Hiya EX Yup, thats the way it works ta rolf

Hiya TBI the offset can usually be only linked to one loan, though you can have multiple offsets to multiple loans. There are some products where there are several offset linked to the one loan ta rolf

Hiya Chran The MISA does work as a 100 % IO offset accoutn, though as Pete rightly points out, its quite clunky and archaic.......I have one so speak from experience. Its manageable, but just another set of balls in the air ta rolf

Hiya Barry Assume you have a 100 k loan, and 100 k in the offset Most lenders, the Interest oonly payment will be based on the difference, meaning 100 k - 100 k = zero. Some lenders FORCE the same regular repayment, and credit the offset savong to the home loan instead. so say at 6 %...

Hiya Be aware that NOT all IO 100 % offsets operate the right way, that being to reduce the amount of interest charged. Some like STG on PPOR, and Homeside(?) , reduce the IO balance, which isnt waht you want. ta rolf