Making budgeting easier
The certainty of our Repayment Safeguard makes budgeting and managing your finances easier once you’ve purchased your own home.
With HomeStart, changes in interest rates won’t impact your repayments but can impact the duration of your loan – if rates go down, you can pay off your loan faster but if they go up, it might take longer.
How it works
- Your initial repayments are set for the year based on what you can afford.
- If interest rates go up or down, your repayments remain the same for 12 months, but your loan term will change.
- Each year on your loan anniversary, we review your repayments and adjust them in line with inflation.
- We will let you know your adjusted repayment amount for the upcoming year before they change.
To learn more about our Repayment Safeguard and how it works, watch our video below.
