Hi all, Ive seen a Mortgage Broker about borrowing to do a dual occupancy. Due to my financial situation it will be a 95%+2%MI product. Now the confusing bit, the Broker recommends a PPOR loan to get me into the property, but this confuses me. Using leverage gained from subdividing the land, will the bank lend to borrow further? Does my loan convert to an IL and what are the costs of this situation? Any advise appreciated.