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Thanks for the help so far guys.

I hope you're right, I'll give a broker a call on Tuesday. Any recommendations in brisbane southside? Thanks :)

Also I don't have any genuine savings, I don't think (not sure of their classification). I spend all my money on investment properties and renovating them... lol

I met with the ANZ rep today, but he said that my parents would need to be able to service their portion of the loan that is guaranteed... I wonder if he's got it wrong?

Ok here's the full story if that helps, be pre-warned it's pretty confusing. My parents have a lot of equity in their properties, they have 1 PPOR and 4 IP's, plus another IP they have just gone halves on with me. Because the property hasn't yet got a loan on it, my parents just paid for it...

Does anyone know a lender that will: Lend 100% of a property's value without the need for LMI but instead using a guarantor for 20% of the equity in one of their properties to cover the hypothetical 20% deposit required to avoid LMI, without needing to take into consideration the income of...