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Sorry, just to clarify... If by " make it service on the remaining income" you mean mine, then thats not possible, becaus ei cant display previous 3 months continuous pay

Thanks PT_Bear for your previous helpful comments, tust noticed this one. How?

Hmmm, I'd probably look a bit of an idiot if I went thorugh the whole time-consuming process of looking for IP's, offering and then stumbling over at the finance stage because I had a thought that our pre-approval "might" hold up? I'd need to know yes/no… but not sure how to find this out...

Cheers for the helpful comments I think maybe people missed the point re: pregnancy… The baby is due in 4 weeks and my wife will be taking a year off… therefore unless we find somewhere, buy it and settle in the next 4 weeks then we'll have to disclose to the bank the fact that she is not...

Yes I think you're right I spoke to our broker and he said that lending has tightened up over the last 18 months and specifically: 1. My wife would have to display 3 months payslips at the time of settling (not just at pre-approval) 2. Non-disclosure of her pregnancy by them would violate...

Yeah, could discuss with broker… he might frown on me though (and plus brokers are not financial advisors, and we're verging on their territory) I wanted to release the equity from my PPoR as a LOC and then just go out and get another (new) loan for the remaining 80%. I was unemployed for...

I'm itching to get stuck into IP#1. We are able to release equity from our PPoR and stay within comfortable LVR levels (80%) to fund the purchase… plus we have an extra $100K cash savings that we shouldn’t have to touch. All good :) Snags: 1. Wife due to give birth in 4 weeks. Hence...