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Thanks for all the advice, will pass it on and report back Not sure of the LVR now...?

They have responded "Too bad, you signed the contract" pretty much....! Thanks again Terry

I know the wife sent a long letter to ANZ - They have heard nothing back... :( Thanks for all the replies I didn't think they could do much now except wait it out.

What can/should they do now Terry? Thanks again

I thought as much They/ ANZ put 250k onto the IP loan! So should they refinance to get out of ANZ?

Hi Jamie, My main point was ANZ putting funds from the sale of PPOR onto the IP loan and balance into savings, why did they do this And not put it all into the savings account? Apart from the contract stating so...

Evening All, Just after some guidance/thoughts on the below issue my friend is going through. I'll try and explain the best I can with most of the facts. - Purchased IP OTP 5yts ago - construction completed 18 months ago with tenants placed - during this time they purchased another IP...