I have two IPs with the same bank. One IP is IO and the other is LOC. I would like to use the equity to purchase another IP. If I use a different bank for finance, what would they use as security if I use the equity from the IP. Using the extra funds from the LOC would be easy as I would just draw the money, but i can't work out what I would use as security if I go to another bank to get finance using the equity.