We will lend you up to 75% of the value of your security property. So if your property is worth $1 million, and you owe $550,000 to the ANZ Bank. Because of this we can lend you 75% of the $1m, less the amount owed to the ANZ Bank.
So $1m x75% = $750k – $550k = $200k is the amount we can lend you on a caveat loan.