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.

Find out how much you could borrow

Minimum age is 60 years
Minimum property value is $250,000
You may be able to borrow up to*:


*This calculation does not constitute an approval but provides an indicator of how much you could possibly borrow. Applications for a Reverse Mortgage are subject to our normal lending criteria, which includes a valuation. Full terms and conditions will be included in any loan offer.

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.

Reverse Mortgage brochure

Request your free reverse mortgage insights guide. Request

Your reverse mortgage journey

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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.

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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.

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We’ll review the valuation and your application. Provided they meet our criteria, we’ll make you a loan offer.

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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.

Heartland Bank Reverse Mortgage Testimonial

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.

Get your free reverse mortgage insights guide

Fill in your details and we will send you a straightforward, information-rich guide to reverse mortgages.

How would you like to receive the guide?

We'd like to know about you

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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