The amount of equity that you retain in the property depends on many variables including:

• The amount you borrow and how and when you draw the funds down
• Whether you choose to make any voluntary repayments
• The duration of the loan
• Changes in the rate of interest charged, and
• Changes in the value of your property over time
  

During the application process, we will provide you with Equity Projections to help you understand estimated impacts that potential changes may have on the amount of home equity you would have in the future.

We recommend that you obtain independent financial advice before taking out a loan, to help you understand how the loan will impact your longer-term lifestyle and financial needs and goals.