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That makes sense if one hasnt been trained any other way..........thats just how many banks and many brokers work. PPOR val = 535, 80 % lend = 424 - 356 exist = 68 new loan and new money secured only to PPOR IP 1 Val 578 k, 80 % lend = 462.4 - 414 exis = 48.4 new loan and new money...

Hi RER looks like xcoll............... yes u can usually set it up so that the new IP and other loans are only secured to the actual property. BUT depends on lender, and the level of previous "tie up" Obviously not in the lenders interest to do things that work for you, mainly work for...

Hiya I smell that the loans may all be crossed. Whil thats not a problem in the context of tax and accountig etc ,it may cause issues in the future. Without the actual numbers on vals, loan amounts and their purpose, and what equity belongs to what its hard to provide any specific...