Oh well looks like the 1st March is the launch date for the new loan product. It will run like this 1) 80% lend from a Bank with interest charged as normal and standard loan repayments. 2) 20% lend from a private superanuation fund with NO interest charged whatsover throughout the term of the loan and no repayments made. In the event of the sale the 2nd mortgagee takes 40% of the gain made in the property and you retain 60% of the gain. There is no timeframe restriction for this. The 2nd mortgagee also shares in any loss made on the sale of the property. LMI is payable on the 2nd mortgage only however given the lower loan amount is a relatively small payment. Certainly will spice up the market and provide a launching pad for those clients looking to get into a property which on paper is beyond them in serviceability or where maybe the wife is giving up work due to forthcoming pregancy etc. Very postcode restricted with NO regional lending whatsover and a max number of loans and value in each post code region.