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Every beneficiary of a trust being a guarantor? Would that be legally possible? My kids will be beneficiaries of the trust. $500 pa, or whatever is allowed (as long as they really can do work to help)- but they are obviously not allowed to be guarantors. That's not an issue with me (yet) I...

Rolf, The guarantee may well be the same in effect as an xcoll. If it was, I was not aware of it. I hope to be able to develop the block in the next 12 months. The extra I hope will take the xcoll off again. The problem with the LOC was the LMI. The LMI insurers treated the block as...

btw, another method we could have used was to put a second mortgage on the original two properties. We did this on the first IP we bought- five years ago, before we knew better. That's the way the banks still suggest you buy an IP. Two problems- 1. Your own house is at risk if anything...

Almost. Not "as well". She can only act as guarantor given the equity in the other properties we are using (ie, we had the properties valued. The new valuation meant that our borrowings were much less than 80% of value. So we increased that to 80%). The intention was to get a LOC on the two...

John, I don't know about some of the ins and outs of the instititutions as Rolf does. But what I've done may be similar to what you want to do. If not, just ignore! We have just recently settled on a property. The property ins in the name of the family trust- which we have only...