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I'll ask Shahin to confirm with AMP re the discharge fee. If we keep the loan with them we will probably to top ups a few more times and I don't want to be slugged with a discharge fee each time when we go and repay the loan. What a nightmare this whole process has been, can't believe it'll be...

Yep an additional registration fee, to be fair if thy amended the existing mortgage to include the second loan there would be an additional fee as well, although maybe less? I was concerned that if we refinance away or repay the loan in future there would be many discharge fees applicable...

It's a separate split and a second mortgage. No issue with the split, it's the second mortgage that I found strange. Like you Pete I didn't see a point to it.

No issue with the second loan account, I would probably prefer it as it keeps the funds separate. I just didn't think the second mortgage was required, you could very easily just amend the existing mortgage to be security for the second loan as well.

Same lender Terry, AMP. I thought it was strange because of this and was wondering whether it was standard practice.

Just wondering whether it's standard for a bank to ask for a second mortgage when you do a top up to extract equity. I would have thought that they could just amending the first mortgage to refer to the top up loan as well? As otherwise there could potentially be a fairly large number of...