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The faster way to release equity

A faster way to access funds up to $100,000, without the hassle of a fully registered valuation, also saving you some additional expense.

Calculate my loan
Reverse Mortgage insights guide with the title: Enjoy a better lifestyle in retirement

Get a free information pack

In the info pack, you can find out about:
  • what a reverse mortgage is
  • how Kiwis use their reverse mortgage
  • features and how you’re protected.
Get a free info pack

How does it work?

With a reverse mortgage, you don't need to make regular repayments. Interest is calculated on the outstanding balance and added monthly to your loan. Voluntary repayments can be made at any time, which reduces the balance and interest charged.

The total loan amount, including accumulated interest, is repayable when you move permanently from your home. This could occur when you sell your property, move into long-term care or pass away.

To be eligible, you need to be over the age of 60, own your own home outright, or have a standard mortgage that can be paid off by the streamline reverse mortgage.

Why choose to streamline?

Streamline has all the protections of a standard Heartland Reverse Mortgage with a few added benefits including:

  • No registered valuation required

    Registered valuations take, on average, 2 – 3 weeks to complete so our streamline process will save you time.

  • Lower upfront costs

    Without the requirement of a registered valuation, you could save anywhere from $600 when applying for a streamline reverse mortgage.

  • Faster settlements

    By removing the requirement for a registered valuation.

How to get started

  1. Apply online

    Complete your application in minutes from your mobile phone, tablet or laptop.

  2. Approval

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

  3. Settlement

    We’ll send your loan documents to your solicitor for independent legal advice. If you proceed, sign and return them for settlement.

Calculate my loan

Use the calculator below to find out how much you could potentially borrow and to see the impact of your Heartland Reverse Mortgage on the equity in your home.

[email protected]

The Reverse Mortgage team will get back to you within one business day.

Call us on 0800 488 740

Monday to Friday,
8.30am - 5.00pm

How can we help?

New Reverse Mortgage application

If you are new to Heartland and wish to apply for a Reverse Mortgage, please select apply here.

Cash Reserve request

If you already have a Reverse Mortgage and wish to draw funds from an existing account, please apply here.

Request a Cash Reserve