Is it Risky to use the same lender for 2 Properties?

Hi There,

I have one investment property that is about to come off a fixed rate (with GE) of 6.73%. I was paying P&I but am now looking at options to pay IO and probably go with a variable rate initially and then lock in later in the year, to see what happens with rates (if they come down again). 

I also have a property that is owner occupier and the lender is Bankwest on a variable rate, one year mortgage shredder of 5.85% (currently before cut).

My question is – Bankwest seem to have another good loan product now – Variable for 3 years and guarenteed .9% under the major banks Variable rate. However, i am concered about securing another loan with them – this means i have 2 loans.I have been pretty happy with them so far.

Is this a problem or not really? My intentions are to buy and hold all property and at the end of a fixed term period or intro low rate period, to either fix with same lender or refinance if no break fee costs.

Any advice is appreciated!! Andy any suggestions on good options – regarding lenders (RAMS etc) which i can switch my investment property over too, is appreciated.

Thanks!