So in a nutshell what are we saying here?
YES - keep your privately owned property geared to the hilt with mortgage continually drawn down.
NO - best not to use the $2 company method with second mortgage over the property UNLESS the company is controlled by an unrelated third party (may be risky though).
MAY NOT be possible to refinance and increase first mortgage without first discharging the second mortgage.
YES - keep your privately owned property geared to the hilt with mortgage continually drawn down.
NO - best not to use the $2 company method with second mortgage over the property UNLESS the company is controlled by an unrelated third party (may be risky though).
MAY NOT be possible to refinance and increase first mortgage without first discharging the second mortgage.