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Thank you very much for the replies and advice, really appreciate it! Is there a general rule of thumb of how much ANZ would want the IP1 LVR to be? So how much would they likely take from the sale of the PPOR? These are questions we will of course ask them directly before we make any...

I've been a user of these forums in the past and found them very useful, so I am hoping someone can provide some words of wisdom on our situation before we approach the bank. Some background: PPOR LVR around 50% IP1 LVR over 100% IP2 LVR around 50% My husband and I are looking to...