How does the protected equity option work?
You can decide that up to 25% of the equity in your home is to be protected and so when it is sold that percentage is returned to you before repaying the loan. It will reduce the amount you can borrow, but there is no fee for this option and it does mean that you will definitely have some equity remaining when the loan is repaid.
You can decide that up to 25% of your equity is protected and so when it is sold that percentage is returned to you before repaying the loan. It will reduce the amount you can borrow, but there is no fee for this option and it does mean that you will definitely have some equity remaining when the loan is repaid.
