Reverse mortgages
Enjoy financial flexibility, independence and a lifestyle you love
Heartland is New Zealand’s leading reverse mortgage provider. Since 2004, we have helped more than 17,000 Kiwis enjoy a more comfortable retirement on their terms.
What is a reverse mortgage?
A reverse mortgage is like a normal home loan that has been designed for the needs of people over 60. It allows you to unlock equity from your home to live a more comfortable retirement. Importantly, you continue to own and live in your home for as long as you choose.
What are the benefits?
100% ownership
You remain the registered owner of the property. You can continue to stay in your home and enjoy the benefits of your community for as long as you want.
No regular payments required
There is no need for regular loan repayments. Interest is calculated on the balance outstanding and added to your loan.
No negative equity guarantee
The amount required to repay your loan will never exceed the net sale proceeds of your property.
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Your reverse mortgage journey
Let’s chat
A specialist will explain what a reverse mortgage is and take you through the application process. There’s no commitment, you can change your mind at any time.
Property valuation
After you’ve completed your application, we’ll request a valuation of your property, unless it meets our Reverse Mortgage - Streamline Application criteria. This will help us determine how much you can borrow.
Approval
We’ll review the valuation and your application. Provided they meet our criteria, we’ll make you a loan offer.
Settlement
We will send your loan documents to your solicitor who must provide you with independent legal advice. If you proceed, the documents can be signed and returned for settlement.
What do our customers think?
Over 17,000 Kiwis over 60 have used the value of their home to access cash for a well-earned and comfortable lifestyle. See how a reverse mortgage is working for them.
Prefer to talk to someone first?
If you’d like more information, or would like to talk through the application process, our New Zealand based team are available to answer any questions you have about reverse mortgages, and how you can get started.
call free: 0800 488 740