Are you aware of what happens with the 20% Equity Loan after the first five years? | | | | |
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When selling the property you’ll have to pay back your loan, plus a share of the price increase. | | | | |
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The equity loan and mortgage are two separate loans? | | | | |
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You must repay the same percentage to the Government as the initial equity loan | | | | |
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You would need to repay 20% of your homes value in the future when you came to either sell, or repay your equity loan | | | | |
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The equity loan must be repaid after 25 years or earlier if you sell your home. | | | | |
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