Plummer

Think you are mistaken as buying in Trust will have NO affect on your borrowing capacity.

I do not max out my borrowing capacity when I try and purchase future IP's

All of you Trust liabilities will be considered as personal liabilities so it will not improve your situation.

Unfortunately you are miles away on the Westpac serviceability scale.

Are the 2 Westpac loans cross collateralised ?

On first glance I believe it could be done but more information would be needed and probably need to refinance 1 of the loans as ING wont do it either.

Silverx

Costs would be deductible from the date of settlement until the day you moved into the property as your PPOR.

This would include interest, rates etc.

Remember LMI, application costs are all loan fees and are deductible over 5 years or the Term of the loan whichever is the lower and are proportionalised in the first year so would depend on the number of days the property was rented.

Unfortunately even though your current property is used as security for the new PPOR the interest is not deductible once you move into the property.

Care would need to be taken to ensure you minimise your LMI and dont cross collateralise the two loans.

Why not get in touch with Nigel Kibel from the forum.

Nigel has answered 101 posts about such and has lived and worked in a large Real Estate Agency in the US so knows his stuff.

Regretfull most lenders wont allow a refinance past 90% lvr these days but you would normally merely pay the additional LMI.

Be better of to start a savings account with the lender.

Ryan might want to read a but about my background I do own a few properties. (currently 40 in the stable at present and starting to acquire interstate this year)

Think #8 is referring to how you can obtain the deposit.

It is unlikely that the credit card rate will be less than a standard mortgage rate however if you cant raise the deposit then a higher rate on a small loan is neither here nor there if you think there will be capital growth on the property.

GOM

A few lenders will do 95% + LMI where you have been a member for 6 months or more so nothing new there.

Difference with wesuck is the prevailing interest rate which is about 40 bps above every other lender doing the rounds.

Not that they are running out of money or anything.

One lender announced a 100% blended product today where 95% can be non genuine savings and the balance can be done by way of a personal loan. 

No you WILL be elligible for the FHOG your Solicitor is incorrect.

The fact that you have never owned a property which you have resided in means you will still qualify.

Remember the FHOG is Federal Govt controlled adminstered only by the individual States.