Hello, I ran out of borrowing power long ago which is a shame because there were some good buys prior to everything going gangbusters! I am currently just focusing on increasing income so I can play with my equity in the future when the market is more attractive once again. Like everyone else I suppose, sitting on my hands waiting for the next 12 months to pass to see what happens. Moving on, my question is for a friend who luckily has borrowing power and is looking at buying a home with their parents. The property and granny flay will be in the name of my friend, their parents will have a caveat on the property on the understanding that they will have ongoing access to the granny flat. My concern is that when when my friend has paid down their loan (which is under 50 LVR) in the future and are looking to access equity that they will not be able to because of the caveat. The caveat holders are happy for equity to be accessed (at reasonable levels obviously) and do not have any objection. However, I have done a bit of reading on PC to get some background information and it appears most lenders would want the caveat to be removed before granting a mortgage. Does anyone have any experience with caveats and accessing equity?