Articles tagged with 'reverse mortgages'
Heartland launches a bridging loan to finance retirement village purchases
13 March 2025 - Heartland Bank is extending its reverse mortgage offering to include a kind of bridging finance for those wishing to buy a unit in a retirement village.
Heartland writes off nearly $50m, says reverse mortgages still strong
19 February 2025 - Heartland Group says the quality of its reverse mortgage and livestock portfolios remain strong and its recently acquired Australian bank is unaffected even as it announces $49.6 million of impairments for the six months ended Dec 31.
Reverse mortgage enquiries soar
8 April 2021 - Heartland Bank has seen a 39% increase in reverse mortgage enquiries in the first quarter, as homeowners seek to release equity in a frothy housing market.
Heartland digital home loan set to stay
23 February 2021 - Heartland Bank is "comfortable" for its digital mortgage product to continue running, after approving more than $300 million in loans.
Reverse mortgage market set to triple
5 February 2021 - The global reverse mortgage market is set to increase threefold in the next decade, according to new research from advisory firm EY.
Heartland reverse mortgage book grows 10%
17 September 2020 - Heartland Group's New Zealand reverse mortgage book grew by nearly 10% in the last financial year, as older Kiwis tap into home equity to boost their retirement income.
Reverse mortgages an option for struggling borrowers: Heartland
20 August 2020 - Reverse mortgages, rather than mortgage deferrals, could help borrowers deal with the financial fallout of Covid-19, says Heartland Bank head of retail Andrew Ford.
SBS revamps reverse mortgage product
3 June 2020 - SBS Bank has launched a rebranded reverse mortgage product as it looks to tap into a growing home equity release market.
Heartland launches reverse mortgages for investors
19 February 2020 - Heartland has expanded its reverse mortgage business and will now lend against investment properties and second homes, as the product becomes more popular in New Zealand.
Heartland launches reverse mortgages for investors
18 February 2020 - Heartland has expanded its reverse mortgage business and will now lend against investment properties and second homes, as the product becomes more popular in New Zealand.
Heartland hails reverse mortgage growth
4 October 2019 - New Zealand retirees are increasingly turning to reverse mortgage options, according to Heartland Bank, after the lender's New Zealand reverse mortgage book grew by 11.4%.
Heartland Group lifts annual profit 9% on reverse mortage and other lending growth
15 August 2019 - Heartland Group lifted annual net profit 9 percent amid growth in its reverse mortgages, motor and business lending divisions.
Reverse mortgage opportunity for advisers: Heartland
19 February 2019 - New Zealand advisers have an opportunity to raise greater awareness about reverse mortgages, as the product becomes increasingly popular in Australia, according to Heartland Bank CEO Chris Flood.
Reverse mortgage growth moving forward
24 March 2016 - Heartland Bank provides an update on the growth of its home equity release book.
ASB ditches reverse mortgages
7 August 2015 - ASB’s decision to stop offering reverse mortgages is likely an indication of a lack of demand for the product, a banking expert says.