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Picture Book · Home Equity Access Scheme

Paying it back

Story pages

A woman in her early seventies playing with two small grandchildren in a sunny park
Meet Lou. She's 73 and plans to move near her grandkids in a few years.
A front gate with a sturdy padlock
The loan is secured with a charge on the property. There are legal costs to register it, which you can pay upfront or add to the loan.
A woman in her early seventies handing an envelope to a postie at her front gate
You can repay part or all of the loan at any time.
A moving truck parked outside a small home
Usually the loan is repaid when the property is sold, or from the estate.
Two houses on a hill connected by a winding garden path
The debt may be able to move to a new property in some cases, so ask before you sell.
A woman in her early seventies smiling as she hangs a picture in a new smaller apartment
Lou plans to repay the loan from the sale when she moves.

The end

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General advice warning. This picture book is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal advice. Rules and thresholds change. Before acting, consider whether it is right for you, read any relevant Product Disclosure Statement and our Financial Services Guide, and seek personal advice. Past performance is not a reliable indicator of future performance.

Information as at 27 October 2026. Sources:

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