My partner and I are looking to debt recycle. Our mortgage has a redraw facility and our bank will not allow us to do a loan split. We are trying to figure out how to best track our regular investments to enable us to effectively debt recycle. If anyone has any good advice on how to set up a spreadsheet with the relevant information that would be great. We are currently looking to set it up like this:
The date and amount of money withdrawn from our mortgage. The date, name and amount of shares purchased. Any distributions from the shares and where these went to.
Any advice on how to best track this and how we can track the interest from the redrawn amount?
Time to change bank.
You can't debt recycle with a single facility. It is called loan pollution.