u/Familiar_Audience186

Hello!

We're purchasing a new PPOR and have been debt recycling for a few years now.

Currently we have 3 P&I splits that we've created over a number of years which have all been used for debt recycling. As an illustration, owing:

Split 1 = 50k, split 2 = 25k, split 3 = 25k; plus main loan of 200k (non deductable)

Our new PPOR loan will consolidate these splits, so we will end up with one split for debt recycling eg. 100k and a new main loan of 400k (non deductable)

When we settle, the original 3 loan splits will be paid out and closed.

I will save all bank statements for these original 3 loan splits to maintain traceability.

Is there anything else I'm missing?