Welcome to the Blog

The Commonwealth Bank Reverse Mortgage will be withdrawn from sale. CBA (and its subsidiary Bankwest) will no longer offer reverse mortgage loans to new borrowers from the beginning of next year. However, it will still continue lending for current borrowers. CBA made the decision to discontinue “Equity Unlock for Seniors” and Bankwest reverse mortgage (Seniors

Prime Minister Scott Morrison announced today that he will quickly scrap the Government’s plan to increase the retirement age pension to 70. “We will ratify it next week. The pension age going to 70, gone,” Morrison said in an interview with Today Show. In the 2015 Budget, the Coalition decided to gradually increase the qualifying

As foreshadowed in our last post, the much awaited ASIC Reverse Mortgage Report was released today. This is an important document for all key stakeholders who comprise the Australian Reverse Mortgage ecosystem: Seniors / reverse mortgage borrowers Reverse Mortgage Lenders Reverse Mortgage Brokers Regulators Solicitors Financial advisers Family members of borrowers Centrelink Government I am

Although it is just a bit more than halfway through 2018, we can already say that this year is a big one for the Reverse Mortgage industry. With tighter government regulation, expansion of Pension Loan Scheme (PLS), and the growing market demand, the Reverse Mortgage niche is still a vibrant and stable industry. Government Reverse

Australian seniors with full age pension entitlements can now access the government-funded Pension Loans Scheme at a max of $17,800 annually as part of the key changes introduced in the 2018 Federal Budget. The Australian Government has been offering the Pension Loans Scheme through the Centrelink as a voluntary reverse equity mortgage for older Australians