Hi all
Just refinanced 2 IPs x I/O loan each with Macquarie. I asked broker for an offset account to park excess funds as I'm slightly + geared. I also asked for a LOC to collect rent and hav the mortgages to direct debit from and any expenses for IPs from here.
Today I go to sign contracts & broker has not set up offset, said he didn't remember our conversation. I'm going overseas for 5 weeks next week & broker says to rectify now will hold up proceedings for the accounts which need to be active while I'm away.
2 ques
1/ Hav I set up the accounts the best way?
2/ will setting up a offset acc on my return cost more & can it be done later?
Thanks in advance
Just refinanced 2 IPs x I/O loan each with Macquarie. I asked broker for an offset account to park excess funds as I'm slightly + geared. I also asked for a LOC to collect rent and hav the mortgages to direct debit from and any expenses for IPs from here.
Today I go to sign contracts & broker has not set up offset, said he didn't remember our conversation. I'm going overseas for 5 weeks next week & broker says to rectify now will hold up proceedings for the accounts which need to be active while I'm away.
2 ques
1/ Hav I set up the accounts the best way?
2/ will setting up a offset acc on my return cost more & can it be done later?
Thanks in advance