Article tagged with 'reverse mortgages'
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Heartland expects 18% reverse mortgage growth in NZ
22 Aug 2025 - Heartland Group grew its reverse mortgage business in New Zealand by 15.5% with growth in total net lending slowed by higher repayments while the Australian business grew 18.5%.
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Heartland launches a bridging loan to finance retirement village purchases
13 Mar 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.
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Heartland writes off nearly $50m, says reverse mortgages still strong
19 Feb 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.
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Reverse mortgage enquiries soar
08 Apr 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.
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Heartland digital home loan set to stay
23 Feb 2021 - Heartland Bank is "comfortable" for its digital mortgage product to continue running, after approving more than $300 million in loans.
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Reverse mortgage market set to triple
05 Feb 2021 - The global reverse mortgage market is set to increase threefold in the next decade, according to new research from advisory firm EY.
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Heartland reverse mortgage book grows 10%
17 Sep 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.
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Reverse mortgages an option for struggling borrowers: Heartland
20 Aug 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.
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SBS revamps reverse mortgage product
03 Jun 2020 - SBS Bank has launched a rebranded reverse mortgage product as it looks to tap into a growing home equity release market.
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Heartland launches reverse mortgages for investors
19 Feb 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.