Question 1

How much equity can I release?

Accepted Answer

Most banks will lend up to 80% of your home's current value, minus what you still owe. Some lenders go higher with low-deposit/specialist policies. We confirm usable equity with an up-to-date valuation before applying.

Question 2

Is a top-up cheaper than a personal loan?

Accepted Answer

Almost always — mortgage rates are typically 6–9% vs. 12–25% for personal loans or credit cards. But spreading short-term spending over a long mortgage term increases total interest paid. We'll model both before you commit.

Question 3

Will I need a new application?

Accepted Answer

Yes. Lenders re-assess your income, expenses and credit before approving a top-up. The process is usually faster than a brand new mortgage because the property and main loan already exist.

Question 4

Can I use a top-up as deposit for a rental?

Accepted Answer

Yes — this is one of the most common ways Kiwi investors fund their next property. We structure it as a separate loan split for clean tax treatment of the investment portion.

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