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  1. voigtstr

    X-coll is not good

    At the time of signing the contract, is it possible to get the bank to waive the "all monies" clause (assuming you've already checked they are only using the one property as security?) Anyone tried this and had luck with it?
  2. voigtstr

    X-coll is not good

    Would using LOC's to get at the equity for the next deal have worked the same way as you X-COLing? For the IP we are buying now we are using a LOC on our PPOR for the purchase costs on the IP, we shouldn't have to use any savings to do this. Going forward can we still just put further LOCs...
  3. voigtstr

    X-coll is not good

    I think moving everything elsewhere would do the trick, if its all to one lender just make sure that there is a separate loan for each property, and make sure that each loan is only mortgaged by one property. If it shows other properties dont sign, (take it back to the broker and get the bank to...
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