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Hi Dave yes we dealt with the bank directly. We went with Bankwest. We applied online as they have a cheaper rate for online applications and then dealt back and forth with one person once our application was reviewed. Our PPOR was previously with them also so the set up part was pretty...

Just following up on my finance situation. We ended up getting option 3 in place - 3 loans, 1 on our PPOR, and 2 loans for the investment property. No deposit required from us, no LMI and we still have plenty of equity available in our PPOR loan. We found a place a few weeks ago and settlement...

Finally! I have got it now. Thank you Thann. I re-read your message a few more times and understand it now. :)

Thanks very much everyone. Think I might have to pick up some IQ points before I speak to anyone more about it. :)

Thank you again everyone. I had to laugh at your comment Peter "what everyone is trying to say....." because I do feel like I am in the middle of a conversation about "who's on first" :) To me the options that are presented sound exactly the same as what I have already mentioned in option 2...

Can I ask for a hint on how? Do you mean with regard to not having the entire amount tax deductible such as in option A? I don't mean to try and obtain free advice if this crossing any lines but if you could throw some key words out I am happy to go research it on my own. But when you mention...

Hi Terry what would be a good structure? When you say 'structure it better', I have no idea of any other options, being that this is my first IP. I have so far confirmed with him that option 2 means the loans are separate so it seems that is my option to go with. Thank you

Thank you both for your comments. At this stage we have preapproval to $300k and our bank guy has said we can let him know the structure we want (from the 2 options) once we find a property. I have not heard of cross coll so will do some reading. Arrgh...hope I haven't given my kidney away...

Hi there I am looking for a bit of feedback on my current situation with regard to purchasing an IP. My husband and I have a PPOR with $61k owing and available balance of $210k = total credit limit $271k We are looking to purchase an IP between $260-300k and the bank has given us 2...