Total Members: 159,196

Majic

  • Majic replied to the topic converting PPOR to investment Property in the forum Help Needed! 10 years, 10 months ago

    I may be clutching at straws here but here is a question. 

    Can I redraw the money available in the loan in order to improve the situation ? Does it help if we do this while I am still living in the house as my PPOR. ? 
    Does the structure of the loan matter when doing this ? In my case, I have the loan split three ways. Two of these are (worth…[Read more]

  • Majic replied to the topic converting PPOR to investment Property in the forum Help Needed! 10 years, 10 months ago

    Thanks all for your input. I went back to the accountant and it seems we had both misunderstood each other. I am glad I asked here and that prompted me to go back.

     His suggestion now is along the lines of Terry's – i.e Transfer 50% to spouse – although this is going to be tricky as my wife has no income, which means that I will need to…[Read more]

Majic

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