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Moving residential home loan to investment property.

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  • Moving residential home loan to investment property.

    Dear Team,
    How do I move my residential home loan into my investment property?
    Can I get the bank to do this?
    Thanks very much all.


  • #2
    Hi Gremms,

    It is a bit more complicated than that.

    It depends on the structures and how you are set up, and then the detail.

    Generally if you just borrow, secured over your investment property but with the loan funds used to repay your personal house, the interest won't be deductible as the loan has been used for personal purposes.

    Best to run this past your property accountant, as they will know your structures and circumstances, and can then advise if this is possible.

    Ross
    Book a free chat here
    Ross Barnett - Property Accountant

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    • #3
      Thanks so much Rosco much appreciated

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