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  • Profile photo of matt7428matt7428
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    @matt7428
    Join Date: 2009
    Post Count: 2
    August 17, 2012 - 1:20 am

    Hey guys,

    thanks for the advice

    I got in touch with my bank and they suggested i set it up the following way:

    Extent original loan to the maximum amount (not exceeding 80% LVR ratio), convert to I/O loan, and then using released funds for a deposit for the next PPOR. I had i thought for the next PPOR of setting it up with an I/O loan with an offset account, then maybe converting this also to an IP in about a years time after a renovation. Would there be any problems with setting it up like that?

    Cheers Matt

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