Consolidating renovation loan on home loan

Thanks Terry,
With the renovation loan, whilst the property is my PPOR is it correct to say I cannot claim any tax deductibles until it becomes my IP?  I have done extensive work to the property and looked at the potential of claiming the % of house occupied by the GF but did not want to persue this path as it was rather complex and didn't seem to give much value back over the long term.  I usually do my tax as its straight forward for me, ie salary, minimal work expenses and we live in the house

My other question was, when reaccessing the home loan and looking at transferring, is the best method to just call around to lenders and explain what I am after. Or can a mortgage broker be worth there weight in this situation? 

Thanks Richard I thought as much.  Just starting to look at some lenders now, would prefer to have it all with my main banking if possible so all accounts can be viewed.   
If I were to consolidate how does it get arranged in the account with a sub loan line of equity. 

Eg. Say I consolidate and I have a total HL Debt of 340k. In my account it shows the account and the 340k debt, does it then have the sub loan account underneath saying 150k available (purely example purposes) of credit much the same as a credit card or any other loan does.  So I could just draw on this credit say for a new IP Deposit and it would be calculated at the interest agreed on the homeloan?
Are there restrictions on what the loan could be used for, obviously this could be a slippers slope to spending all of the equity you have in a property on toys and other items that could leave you in a bad position. 

Is this basically how it works and is this the standard way its setup for most trying to leverage off other properties consectively?

So the seperate split would be for the agreed amount of equity the valuers have agreed upon?  The interest rate charged on this seperate split is this just linked to the home loan interest rate?

Thanks Terry, Just trying to work out how its arranged in account format. and how funds are accessed ie. transfer of funds similar to personal loan within accounts, or if funds need to be requested.

Thanks again Terry and Richard, I think I have this somewhat organised in my brain now. 

Just to clarify and sum up,
House worth 320k, consolidate 20k personal loan to make 340k and reaccess lender to use.  Keep IO format but create a 100% offset account for non deductible debt.  Split loan with line of equity up to lenders LVR limit and summary should be a new home loan at 340k and a line of equity of hopefully 60k (80% lvr and new valuation 500k).

Do I sound on track?