1 - you could, but why not do it all at once?If you own a single IP and you refinance and as part of that are able to access an extra 50k to still keep you at 80%, where is the best place to put this?
I have just read and heard different replies to this.
1 - Put it into the loan redraw until required then create new split.
2 - Crete a new split as part of the refinance and then have it in an offset for that account. Concern here is it may get spent more easily and also I did read that at some point the bank could close this? Doesn't sound right to me?
3 - Same as above but in redraw, again could the bank close this if it were not touched for say 6 months.
4 - Put it into main offset with personal funds and then advise accountant to proportion a percentage? I had also read this but in my limited wisdom this sounds like loan contamination?
2- This is what I would suggest, or a LOC. Bank can't/won't close it although they can call in a LOC.
3 - this is pretty much the same as 1 without the split. I'd suggest a split.
4 - Mixed funds would contaminate very quickly if it's your main transaction account. Worst idea of the 4.