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  • Profile photo of MorgoMorgo
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    @morgo
    Join Date: 2010
    Post Count: 5
    September 21, 2010 - 3:25 am

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

    Profile photo of MorgoMorgo
    Member
    @morgo
    Join Date: 2010
    Post Count: 5
    September 21, 2010 - 2:36 am

    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 the premisies for residential use.

    Profile photo of MorgoMorgo
    Member
    @morgo
    Join Date: 2010
    Post Count: 5
    August 21, 2010 - 9:37 am

    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

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