Thanks Terryw, exactly the sort of feedback I was looking for (not hoping for).  Really appreciate the heads up!

Hi Terryw,Thank you for your response.  We live in this property and currently have a P&I loan with LVR 85%.  Should we restructure our loan or any part thereof to better accomodate for renting the shed space?  Perhalps in a family trust which I realise has cost implications (and benefits long term)?  please note we would be utilising the rest of…[Read more]

Thanks for the feedback above, I just hate the thought of paying LMI. Hopefully we’ll get a good valuation once we’ve tidied the place up