Hi again everyone
Thanks to all of you who have replied so far.  I spoke to Darryl from RPI this morning and he has suggested some very clever ways to overcome this problem.  It is not going to be such a big problem after all.  Thanks for your time and advice Darryl!
Dave

Hey Guys
Thanks for all the responses, I think I understand a bit better now.  I need a completely separate account from my current loan and offset?  Richard – my main reason for using a 20% deposit was to avoid LMI as I thought this is what I should be trying to achieve.  However your suggestion to use 89.9 % LVR to minimise exposure on my PPOR…[Read more]

Hey Guys
Have just done a quick search and came across this thread and as I am just about to use some of my equity in my PPOR to buy an IP I thought I'd better ask to make sure I get it right first time.  Here's a little information about my situation – I owe 340k on my PPOR which is worth about 520k.  This mortgage has a 100% offset account and a…[Read more]