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1st 2 loans is used for current property...the 3rd loan you might use for a different purpose or property...so best to keep it separate...in case you move into the 2nd property etc... All for tax reasons really- the bank doesn't care what you do- they will do what you tell them to do ( most of...

1. It's just a normal variable loan...no special name, but there's a particular "process/steps" tho...which your banker or broker can explain and apply for you. What ever you do...dont break the fix rate- unless it make financial sense. 2. No complications..i mean you already have 2...

You dont need to break the fix rate to tap the equity....just get your existing bank to take out a separate loan for the equity....so you will end up with 3 loans split with the same bank ---keeping your fixed rate untouched.