Hi all, Would appreciate your opinion on this, particularly from our good brokers and gurus. Which bank ? We currently have a big loan with big bank A for our 3 IPs . The IPs are under a DT with company trustee , we (my partner & I ) are directors. The security for the loan is : mortgage on the IPs and Mortgage Debenture on the company trustee. We are in the process of organising a LOC against the equity of out PPOR. PPOR in under our names. We currently have 2 offers one from bank A and one from bank B. • Bank A offers a LOC 150K more than bank B with annual review. When I asked the banker what the annual review was for the banker said : “basically it means that we speak to you on an annual basis to ensure that you are still happy with the facility. If you are then we just leave it as it is. If you don't like the facility then we will try to find something that is more suitable for you.” is this for real ?? • Bank B offers 150 K less than bank A but the LOC will be independent from bank A. Rates and fees are not as good as A but not by a great deal . Review in 3 years not annual. Obviously I would like to take the offer of a bigger LOC from bank A, but not if it is associated with more risks since all my loans are with the same bank, and not sure about the impact of the annual review. Would you go for bank A or bank B if were in our shoes ? Have any experience with annual review of LOC ? Thanks for any thoughts.