Hello all,
Here is the latest after a mad day of running around to the accountant and solicitors. Talk about baptism by fire! My head is still spinning.
So it looks like we will be going ahead with the loan as currently structured with my PPC mortgaged to the bank so that I could borrow 110% of the IP value. After doing some basic maths with the…[Read more]

Hi all, Ok as embarrassing as it may be, I finally managed to get hold of the broker and ask “So why did I choose this loan again?” This is what he said…”As we establised we wanted to maximise your tax deductions, the loan was structured so you could borrow the maximum amount against your PI. This is why your wife was set up as the guarantor, so…[Read more]

Hi Steven and Kim,
Thanks for your feedback and comments. Kim I am not quite clear on your point 2. Is there a typo there? I read a few times and it still didn’t make sense to me (yes, maybe I am really that thick!)
Steven, the answer to your questions. My wife works full time as well in the medical profession. As such, she gets fantastic salary…[Read more]