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The good news is that WBC are a decent lender so fixing it will be no drama.

acorn it doesn't work that way and you are creating more of an issue by not fixing the current problem correctly. I wouldn't say that even the guidance provide may be 100% correct because we don't have visibility on all the numbers - the point is make sure you don't dig yourself a deeper hole.

You would need to submit 2 new applications in order to uncross. They can't do it with a tick and flick.

What they have done is contaminated the tax deductibility of the loans. You need to get them to set it up as per my original post. Was the home loan $52k prior to the set up? If so then you need to keep that split as $52k. Which lender is it?

The structure is a bit like a dog's breakfast. You have been crossed securitised and this is not particularly good. I take it that the loan against your main residence is now $52k - is that correct? If so you need to set it up as per below set up Loans against main residence: Loan 1...