News & articles
Heartland is passionate about spreading awareness about elder abuse, and ensuring our processes are aligned to detect and prevent it from occurring.
Heartland is pleased to announce that we have received a 5-star Mortgage Innovator Award from the Australian Broker in 2022!
On 1 May 2022 Heartland Finance participated in the Memory, Walk and Jog for the fourth year running
Heartland is very proud of this award, and look forward to continuing to help even more Australian seniors live a more comfortable retirement, with independence and dignity, with our reverse mortgage.
Heartland recently spoke to Mortgage Professional Australia (MPA) about handy tips for brokers to help them reassure customers who are worried about how reverse mortgages work.
Not only do they have more net home equity, but they are living their dream retirement in their own home.
Understanding how interest on a reverse mortgage works is an important part of Heartland’s application process.
Seniors’ news website Starts at 60, breaks down the flexible features of the Heartland Reverse Mortgage to show how you can tailor the loan to suit your retirement needs.
Heartland has increased the maximum loan-to-value ratio (LVR) for our Heartland Reverse Mortgage product, by 5% across each age category.
Heartland spoke to Mortgage Professional Australia (MPA), about why demand has continued for reverse mortgages over the past 12 months.
In a recent article, Heartland spoke to The Australian Broker about the benefit of brokers offering reverse mortgages – helping to diversify their portfolios and meet the growing needs of the senior demographic.
Recent research and the 2021 Australian Federal Budget reinforce the need for increased financial options.
Rachel is all about simplicity when it comes to cooking but believes that shouldn’t come at the expense of flavour. This dish is nothing short of both.
Heartland spoke to The Senior about our recent customer feedback, including the results from our 2021 customer survey
Heartland recognises the trust customers place in us when taking out a reverse mortgage, and we take this duty of care seriously.
The Australian Mortgage Awards is the leading independent awards event for the Australian mortgage industry, highlighting achievements and recognising excellence across the sector.
Some of our existing and new customers have told us how challenging it is to live a comfortable retirement on the pension alone.
There has been an increase of cyber security threats and scams with the acceleration of technology, which unfortunately has only increased during the COVID-19 pandemic.
Heartland recently wrote an article with Canstar about the retirement income gap and our ageing population.
Heartland’s Well-Life Loan is an unsecured loan designed for over 60s who want to fund their next step in retirement.
Heartland recently spoke to The Senior about using a reverse mortgage for gifting, to help ease financial stress for both retirees and their families.
In a recent article, Heartland spoke to MPA (Mortgage Professional Australia magazine) about the importance of brokers identifying vulnerable customers
Heartland is pleased to announce that, when someone aged 60 or over has a partner aged 55-59, we will now also be able to accept their application.
As part of our innovation commitment, we are excited to announce a new eSigning portal is now launching for our customers, and their solicitors, to electronically sign their loan documents.
World Elder Abuse Awareness Day is commemorated each year on 15 June to highlight one of the worst manifestations of ageism and inequality in our society, elder abuse.
On Tuesday 11th May 2021, the Federal Government announced their budget for 2021-2022. The initiatives included $17.7b being allocated over a 5-year term to reform the aged care system.
In The Senior’s latest article on reverse mortgages, they discuss the future of equity release and why the demand is on the rise, supported by international research and the government’s latest retirement income review.
Check out our new animation video that shows our top loan purposes, to find out how you could live a more comfortable retirement
The Memory Walk & Jog is a chance to get active and raise funds to beat dementia. The funds provide vital support services for people living with dementia, their families and carers.
Heartland Finance is pleased to launch an additional product to our current two offerings, our Heartland Reverse Mortgage and Open for Business (O4B) loans, the new Well-Life Loan product.
Heartland recently spoke to Mortgage Professional Australia (MPA) Magazine about how reverse mortgages work, and how brokers can embrace them to service their clients at the retirement stage of their lives.
Your Mortgage’s Mortgage of the Year Awards reviews thousands of home loan products across Australia to determine the top-ranking products in each category.
Heartland has created our new “Freedom” campaign, which focuses on the freedom a reverse mortgage can help provide people who are aged 60 and over.
Heartland recently spoke to Mortgage Professional Australia (MPA) Magazine about the common misconceptions around reverse mortgages and how brokers can help to bridge the retirement gap.
Heartland Seniors Finance has officially rebranded to Heartland Reverse Mortgages! This will also now fall under our overarching brand, Heartland Finance.
You may think that selling the family home is the option to pay for these fees but there are alternatives such as a reverse mortgage.
The article looks at why people are thinking more about how they’ll finance retirement, how a reverse mortgage works, some of the most common loan purposes, and the safeguards in place to protect borrowers.
What is a reverse mortgage, how exactly do they work, and how could they help you live a more comfortable retirement? Heartland breaks it down in our new animation video.
MPA discusses why brokers should diversify, how to meet a client’s changing needs using specialised products like reverse mortgages.
International research published by EY predicts that the global equity release market could more than triple over the next decade.
Over the coming months, you may notice a new look and feel when you receive communication from Heartland or visit our website.
In The Senior’s latest article on reverse mortgages, they discuss one of Heartland’s most popular loan purposes, everyday expenses.
At Heartland, we like to ensure our customers are fully aware of the impact a reverse mortgage will have on their personal circumstances.
As one of the most heavily regulated consumer finance products on the market, reverse mortgages can sometimes be tricky to understand.
The report reviews the current retirement income system to both improve the understanding of, and identify areas to improve outcomes for, senior Australians in retirement.
Our Standard Reverse Mortgage Variable Rate will decrease 20 basis points to 5.60% p.a. (comparison 5.62% p.a.*).
Research by the Royal Melbourne Institute of Technology (RMIT) released on 20 November 2020 reports that most Australians want to remain in their home as long as possible, but don’t have the funds to do so.
The Budget announcement last month revealed the Australian Government are preparing to pass a legislation, as early as 1 July 2021, to provide a targeted Capital Gains Tax (CGT) exemption for all formal granny flat arrangements where there is a formal written agreement between family members.
Through our application process, Heartland places huge importance on considering future needs. This includes not only aged care costs, but ongoing living expenses, medical expenses, and any plans to leave any of the estate to a beneficiary.
Introduced from 1 April 2017, Heartland’s redraw allows customers to draw on the funds that they have already paid into their loan.
Australian Seniors News latest article on reverse mortgages discusses why some alternatives may not be suited for retirees, and how they can use a reverse mortgage to better suit their needs in retirement.
Initially designed to assist customers during COVID-19, many of the arranged 6-month loan repayment deferral schemes are due to expire soon.
By putting our customers at the forefront of what we do, Heartland Seniors Finance has become the leading reverse mortgage provider in Australia.
In recognition of the International Day of Older Persons, Heartland would like to bring awareness to something that this demographic is especially vulnerable to, elder abuse.
The growing number of people carrying debt into retirement has led to an increased need for financial products that will suit retirees.
Heartland Seniors Finance is proud to have been nominated as a finalist in the Australian Mortgage Awards for 2020
As part of Heartland’s COVID-19 initiatives, we have now updated how signed Loan Agreements, and legal documents, are processed.
Nicole, our Compliance and Reporting Team Leader, shares her cheese pretzel recipe. A quick, easy and delicious snack to have with the family!
We understand this is a very difficult time for all Victorians, and the rest of Australia, especially for our customers who are vulnerable to COVID-19.
Don and Shirley stumbled across Heartland after looking at many other ways to fund the retirement they desired.
Unlike some providers, who require regular, ongoing, valuations and charge these to the customer, Heartland takes a different approach.
At Heartland we don’t take a one-size-fits all approach. We know that each of our customers have different retirement needs and may require additional funds for a range of purposes.
Heartland understands the current pressure on everyone due to the isolation requirements of COVID-19, and is here to support our customers during this time.
Heartland Seniors Finance is proud to help seniors live a better retirement, with independence and dignity, through our reverse mortgage.
As the impact of coronavirus is felt across Australia, you may have concerns about how it could affect you. If you are impacted by COVID-19, get in touch. We are committed to helping you through this period of uncertainty.
Heartland is deeply saddened by the effect of the Australian bushfires on our people and the environment. We extend our sympathy to all of those impacted, including the amazing volunteer firefighters.
Heartland takes a look at the latest retirement living standards set by The Association of Superannuation Funds of Australia (ASFA).
One of the latest articles on The Senior explains reverse mortgages as a retirement funding option and how it can help you live a fulfilling retirement with peace of mind from financial stress.
Sharon, our Marketing Manager, shares her brownie recipe – a speedy twist on the classic brownie recipe that’s just too hard to resist!
Nearly three quarters of Australians are staying in their homes up to the age of 79, according to recent research from the University of Sydney.
For many, Christmas is a joy-filled time of year for celebrating and giving back to family, friends and the community. To ensure as many as possible enjoyed Christmas this year, Heartland decided to get involved with Operation Christmas Child.
A recent customer survey has shown that 96% of respondents agree that their Heartland Reverse Mortgage has made their retirement more comfortable.
In the latest edition of Mortgage Professional Australia (MPA) Magazine, Heartland discusses how we can assist Australian seniors who are looking for alternative ways to fund retirement.
Margaret* has always had a sensible attitude towards money. “Live within your means,” she would advise her friends and family.
Heartland Seniors Finance NZ, our sister company, asks the public what’s important to them in retirement, and how they plan to finance this lifestyle.
We are pleased to announce the Heartland Reverse Mortgage has been recognised once again as the market leader.
After years of working hard, for most seniors, taking a holiday around Australia or abroad is usually on top of the list.
Heartland completes corporate structure and commences trading on the ASX today. At Heartland Seniors Finance, we are excited by the opportunities the restructure presents our business.
Our Reverse Mortgage Calculator is just one of the tools we use to help our customers make an informed decision.
Hayden from our Marketing team has shared one of his Nan’s recipes – which make for a great savoury treat in the cold winter months. Stored in an airtight container, they should last for several days.
Heartland a finalist in two categories: Non-Bank of the Year & Most Effective Online Presence – Lender.
We were so thrilled to hear that 96% of those who completed our latest survey would recommend Heartland to friends and family that we’ve decided to run a special promotion to reward you, our valuable customers!
The Australian Securities & Investments Commission (ASIC) have today released a review of reverse mortgage lending in Australia.
She wasn’t after a huge amount of money, rather a small amount to make some of those much needed improvements around her home.
Some of the things we find potential customers are pleasantly surprised to learn when they are taking out a loan
There has been considerable coverage recently on the conduct of banks and financial services providers, or more accurately – their misconduct.
Heartland supports bringing further awareness and education to the detection and prevention of elder abuse.
Not a lot of people are aware that reverse mortgages are arguably one of the most heavily regulated consumer finance product in Australia. Heartland’s protections go beyond the regulation.
Recent survey we completed of customers showed a resounding 96% of customers would recommend Heartland
Heartland was the only reverse mortgage provider nominated, again demonstrating our market leadership.
Australia is home to plenty of deadly things that we can see around us – sharks, snakes and spiders to name a few – but many people are unaware of one of the country’s fastest-growing killers – dementia.
The transformative power of literature – its ability to educate, enlighten and spark the imagination – is a concept familiar to many, but the transformative power of the act of writing itself is nothing short of a miracle
Heartland recently attended the US National Reverse Mortgage Lenders Association Annual Meeting to consider how we can enhance our products and service.
We are thrilled to once again announce that the Heartland Seniors Finance reverse mortgage has been judged the Best Reverse Mortgage at Money magazine’s Best of the Best awards.
Australian retirees face an unusually high exposure to longevity risk – the risk of outliving their financial resources. In this article we’ll consider how much wealth retirees are holding in their homes and how many are aware of ways to access it.
Janette from our Loan Administration team has an amazing Pavlova recipe from her mother that has never failed. We hope you enjoy it as much as we do!
Residential property is the major component of wealth for many older Australians who are close to retiring, but the boom in house prices has also led to an increase in debt and an increasing number of baby boomers are carrying mortgages into their retirement.
What are the most ‘Frequently asked questions’ about Reverse Mortgages? Watch the Heartland Reverse Mortgage FAQs Video to find out – and get the answers.
When thinking about retirement, most of our attention is concentrated on the accumulation phase – saving for retirement. But what happens next, when we actually decide to retire from the work force?
We are proud to announce that Heartland has been shortlisted for two Australian Mortgage Awards: Non-Bank of the Year, and Most Effective Online Presence – Lender.
We joined Sam and Kayley from The Daily Drive radio station last night to share some insights on reverse mortgages.
We recently held a Reverse Mortgage diversification webinar with Mortgage Professional Australia. Part 2 of the common questions from this are answered here.
Just like a conventional (forward) mortgage, it is possible to refinance a reverse mortgage. But because of its unique structure, the computation and considerations involved are different.
Heartland Seniors Finance is pleased to announce that it has increased the loan to value limits (LVR) for its Aged Care Loan by 5%, effective immediately.
A combination of Australia’s ageing population and high property prices is driving up demand for reverse mortgages. MPA and Heartland Seniors Finance explain how brokers can get started.
The Finkel Report has again thrown the energy sector into the news spotlight, including the affordability of gas and electricity.
We recently held a Reverse Mortgage diversification webinar with Mortgage Professional Australia. Some of the common questions from this are answered here.
If you like our Facebook page during July and August you will go in the draw to win one of three $200 Coles Myer cards!^
We have noticed here at Heartland an increase in children (or even grandchildren) enquiring about reverse mortgages for their parents.
REPORT: 71% of Australians who are wishing to retire in the next five years may not able to do so because of insufficient savings.
The results of a poll of over 100 brokers we conducted during a recent webinar we held with Mortgage Professional Australia found that 99% of brokers believe the Reverse Mortgage market will grow in the next 5 years.
Earlier this month, the Federal Budget included a number of measures in an effort to address housing affordability. One of these measures effectively provides retirees with an incentive to downsize.
Experts estimate that there are approximately 1.5 million Australians who belong to the ‘sandwich generation’ or those who have to support their ageing parents and their growing children.
A recent report tells the story of the changing home ownership rates in Australia, and how it is influencing our current and future retirement quality.
Recent changes in aged care rules provide senior Australians better flexibility on the type of help they can receive.
The Australian Chamber of Commerce and Industry (ACCI) made a statement recently that the family home or the principal place of residence should be included in the aged pension’s asset test.
We are proud that Heartland Seniors Finance was a Finalist in the 2017 Australian Lending Awards – Best Specialist Lender.
Heartland Seniors Finance is very pleased to be the winner of the Canstar 2017 Provider of the Year for Reverse Mortgages.
As discussed in a recent article in the Financial Review, it is increasingly clear that superannuation alone cannot support one’s retirement needs, especially aged care funding.
Seemingly simple retirement objectives are set to become that much harder with changes to the asset test for the age pension due on 1 January 2017.
At Heartland Seniors Finance, Australia’s largest specialist reverse mortgage provider, we have seen a considerable increase in demand, with record volumes in July and August.
The HILDA Report confirms again what we already know to be true: a large cohort of retired seniors and those approaching retirement will experience a retirement savings shortfall.
In February this year the consumer group Choice published an article on home equity release finance options for seniors. Although generally I’m a fan of their work, on this occasion the article was regrettably full of factual errors and hyperbole.
According to international research 86.2 per cent of parents aged 59 to 96 expect to leave something for their children, while only 44.6 per cent of the children aged 40 to 60 thought that they would receive an inheritance.
Recently the government announced a budget cut of $1.2 billion for aged care funding over four years, as a response to high growth in expenses. Medicare benefits will also remain frozen for a further two years.
There is increasing pressure to manage the costs of day to day living expenses, particularly for those on a fixed income. If you are experiencing financial difficulties during these troubled times there are options available to assist you.
Many of us consider budgeting as simply a matter of cutting expenses. There is also help available to assist you in setting clear goals to ensure you make the most of your available income.
I am very pleased to advise that Australian Seniors Finance has a new name – Heartland Seniors Finance.
These scrolls are made with a nice, simple dough that doesn’t need yeast, so they can be whipped up quickly when you need a tasty snack to feed the troops.
It’s common practice to associate a certain type of car with a certain type of person, but what really drives people to choose one vehicle over another?
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As the leading provider in the Australian reverse mortgage market, we like to bring you relevant news and expert insights concerning reverse mortgages, aged care financing and more. Click below to read our biannual newsletter Advantage.
Have more questions?
If you would like to discuss the protections Heartland has in place or request an application pack, please don’t hesitate to contact our friendly team.