Q. Does it matter if my children or someone else moves into the house with me?
A. As long as all borrowers to the loan continue to reside in the property this is allowed.

Q. Will this loan affects my pension?
A. It is a requirement of this loan that you obtain independent financial advice about how this type of loan will effect you.

Q. If I want to downsize my house, do I have to pay the loan back in full?
A. If you choose to downsize your house, it is possible to take the loan with you. However, if the loan balance at the time you move is greater than the maximum limit allowed, the difference will need to be repaid.

Q. Can I pay the fees up-front?
A. Yes, and you can also make voluntary payments to the loan at any time with no penalties.

Q. Why do you need to value my house every three years?
A. Getting regular checks on your property's value allows you to be informed of your equity position, and make informed decisions about your finances. The valuations may also provide an opportunity, if your property value rises to increase your borrowings.