thanks guys duckster, yes I do have a single annual fee. I will set up an auto redraw ( I assume you mean a scheduled transfer) to cover the payments.Thanks for your help

Hi MarcThanks for the reply.As you recommended I have manually transferred an amount from sub account 1 to cover the debit interest taken from sub account 2 and 3. These are now back to the original amounts.So,you have answered one of my questions, I have to pay the minimum amount, ie interest only for sub accounts 2 and 3 whilst I pay as much as…[Read more]

sorry to drag up this old thread, however I just wanted to say this thread has been very useful in helping me understand why X Collaterising is so bad, especially as I am getting my head around some options at present. Perhaps another noob (like me) might also benefit.Cheers

thanks for the replies all , much appreciated. I understand that increasing the investment mortgage (interest only) and using the proceeds for my own home is not tax deductible as the prime reason for the loan is not as an investment but rather funds for my own home. Therefore that option gives no real benefit.You are right Derek, the main reason…[Read more]

Thanks for taking the time to reply Derek. I will give the health check a go.