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  1. H

    Using IP as Security to purchase PPOR

    Sorry should have clarified- 20% equity from existing 2 IP's
  2. H

    Using IP as Security to purchase PPOR

    My main concern is I am confused as to why security is required when we will have a 20% deposit. I have asked my MB this question and am awaiting a response.
  3. H

    Using IP as Security to purchase PPOR

    My strategy is to buy and hold long term..we would be looking to release the security relationship as soon as we have 20% equity in the PPOR...which essentially would be once we purchase it as we will have a 20% deposit...so really, it seems like a means to get the mortgage and then after a few...
  4. H

    Using IP as Security to purchase PPOR

    Yep, so essentially what i am trying to understand is why the bank (ANZ) would need my 2 IP's as security when that is already the case?
  5. H

    Using IP as Security to purchase PPOR

    How does this work? Our MB has explained that we will stay with the current lenders for my two IP'S but the new lender for the PPOR will ask for the investment properties as security for the new purchase. Once we have equity of at least 20% in PPOR, the bank can then remove the security...
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