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Thanks Peter, sounds as though that is what has happened there. Bankwest have been good enough but since I am about to start my portfolio early next year I will be looking at other lenders. When we did first sign up they offered what i was told to be something unique whereby my brother and I...

Hey Peter, Sorry I should have been clearer in my post, it is not an issue in the slightest, I am a big advocate for IO anyway (As long as the wife does not see the money that sits in the offset as new shoes :p). The thing I found more interesting though is it was done without any consent...

Hey brokers, Just a quick question regarding IO on a split loan. My brother and I own a property 50/50 with split loans through Bankwest. Unknowingly to me my brother recently went to Bankwest and asked to go IO on his loan to free up some cashflow. Now I have had excess cash in my loan so...