Search results

I've heard of 106% Loans, but, not real sure about what you mention here, I'd defer to the wisdom of the Brokers here In fact talking to one of the brokers will certainly assist you, I've asked many "Can i do this..hmmm, no? ...well, how about this then?" type of questions myself, the answers...

Tried to answer the above with my limited knowledge..

*BUMP* Dropped into another branch and spoke to a different person.. "paying the loans from your LOC..hmm...hang on, let me call The Mortgage Centre..yes..okay..uh huh..yes sir; that should be no problems I'll get the forms". ;) Making some progress at last towards an ideal...

Thanks ASDF And here I was; I was hoping it would be beneficial :D I'm getting calls at the moment from them for insurance products (Landlords, Home etc)

Arghhhh :mad: And you're with the same Bank as me :D Oh well, different day, different person and maybe I'll get a different result (here's hoping)..must be your boyish charm Rixter, can you get your people to talk to my people (ooops just remembered, your people are my people..back to...

Thanks Corsa, Where does one go for assistance in setting up your accounts such as this..is it trial and error for the majority, i.e BC (Before Corsa), because the staff at the bank seem perplexed by it all; 4 IP's, 5 Loans, a working account, a Credit Card linked to the working account...

I dont believe (or at least the bank tells me) that you can direct debit a LOC, so this means your Property Costs account would have to be topped up manually (in my situation) would it not?

When I initially read Corsa's post it was a bit unclear; things are now getting a bit clearer though and I see it now as; Salary -------------> Housing/Working Account IP Rent -------------> Rental Income Account IP Costs and Interest <----------------------------------------Property...