Hello and welcome to Heartland Seniors Finance

Heartland Seniors Finance is Australia’s leading Reverse Mortgage provider. Established in 2004, Heartland Seniors Finance has assisted thousands of people aged 60 and over release equity from their home, helping them to live a better retirement, with independence and dignity.

Heartland is proud to be Canstar’s 2017 Reverse Mortgage Provider of the Year, and to have won the Money Magazine Best Reverse Mortgage for seven consecutive years.

A market leading product and personal service makes Heartland Seniors Finance the Reverse Mortgage lender of choice for many Australian seniors.

Can we help you to live a better retirement?

Heartland wants to make it easy for you to arrange a Reverse Mortgage to live the retirement you deserve. Click the button and answer a few questions to see if you are eligible and start your loan application.

What to look for in a Reverse Mortgage Lender?

One of the most important decisions you’ll make about a Reverse Mortgage loan is which lender to choose. This decision may have a long- term impact on you and your family, so it’s crucial you get this right.

9 things to look for in your Reverse Mortgage provider:

Multiple draw down options

Ideally your Reverse Mortgage provider will offer different draw down options to cater for every need; a lump sum up front, regular ongoing advances (monthly, quarterly or annually), and a ‘cash reserve’facility for future access to funds.

Ability to repay, with no penalty

Your circumstances can change at any time. So it’s important your Reverse Mortgage lender does not require regular payments but still allows you to make repayments if you wish. Reverse Mortgage debt is usually repaid from the future sale of your property so ensure your lender allows this without any penalty.

Competitive pricing

Some Reverse Mortgage rates in Australia differ between providers, so it may be prudent to seek a lender with a competitive interest rate. As far as possible, try to compare prices from different providers by looking at their fee schedule.

Flexible criteria

Search for a Reverse Mortgage provider with flexible criteria when it comes to minimum age, Loan to Value Ratio as well as minimum and maximum loan amounts. This can be important as some Reverse Mortgage lenders have caps on how much home equity can be released for cash.

Customer protection

You should be comfortable with your decision to borrow via a Reverse Mortgage loan. Find a Reverse Mortgage lender who offers lifetime occupancy so you continue to enjoy any increase in property value. The presence of a ‘No Negative Equity Guarantee’ and the requirement for independent legal advice indicate that the provider is a genuine Reverse Mortgage lender.

Equity protection option

Look for Reverse Mortgage lenders who offer an Equity Protection Option. This feature allows you to ‘quarantine’ a percentage of the eventual sale proceeds of your home (you or your estate are then guaranteed to receive a minimum of the sale proceeds upon repayment and discharge, regardless of the future property value or loan balance).

Aged care option

Some Reverse Mortgage lenders will not provide funding where the borrower no longer resides in the home. This can be a real problem for those already in a nursing home, or people who may need aged care in future. Check that your lender offers an aged care option.

Secondary property

The better Reverse Mortgage lenders provide an option for you to use a secondary property as security, such as a holiday home or investment property. If you own more than one property this can be useful feature.

Excellent service

Most Reverse Mortgage providers in Australia are not specialist lenders. If you are an older borrower who values quality customer service, you might consider a specialist lender who understands the particular needs of people over sixty. Better still, look for a lender who demonstrates a passion for changing the lives Australian seniors.

What our customers say

user avatar

"It is a great relief to have the financial pressures eased so we can make considered plans for the future."

Quote from a real Heartland borrower

user avatar

“…I do want to thank you so much for allowing me to take out the loan, I certainly could not be in my own home without it.”

Quote from a real Heartland borrower

user avatar

“My loan has given me peace of mind to pay my accounts. You have no idea what comfort that gives me and thank you for my Christmas card it shows you care even if you don’t know me.”

 

Quote from a real Heartland borrower

user avatar

It has got harder and harder to manage on just the pension.  I haven’t been able to clear my credit cards, pay a lawyer, pay my family money I owed them .  Now I can afford to have a gardener to smarten up my garden.  I can also have some house maintenance done.  I have had my washer and television for 27 and 25 years, so if they fail I can afford to replace them.

This has given me the freedom to do so many things .  In fact it has given me “Peace of Mind”.

Quote from a real Heartland borrower

user avatar

My husband and I have done nothing dramatic with the money – no world trip, no new car, no new hip joints – just freedom from worry about making ends meet, paying the rates and unexpected bills, and enjoying little treats without feeling guilty.

The one luxury we have indulged in is the installing of central heating throughout the house and never was a dollar better spent!

Quote from a real Heartland borrower

user avatar

We would like to say how happy we are with our loan, and how helpful this has been to us.  It enabled us to visit family in New Zealand during the year and also to spend two weeks in Fiji in September.

Since returning from Fiji I have not been very well.  Because there is such a long waiting list for health services in regional Australia, we have been fortunate enough to get an appointment with a specialist in Sydney next week.

None of these things would have been possible without the loan, so we want to thank you for the opportunity to do these things.

Quote from a real Heartland borrower

user avatar

We now both have hearing aids and can whisper sweet nothings to each other and actually hear them.  After 54 years it is good that we actually want to whisper sweet nothings, but a bonus that we can hear them as well!

The ancestral manor is being painted outside to ensure it does not collapse before we do and just maybe there could be a holiday next year before we have to invest in Zimmer frames!

Quote from a real Heartland borrower

user avatar

My loan has enabled me to fence my home thus making me feel very safe and secure, and peace of mind that I can keep warm by paying my heating account, I also visited America to visit my son and family and meet my new Great Grandson, this was a very special and pleasant occasion. My many thanks again.

Quote from a real Heartland borrower

user avatar

I would like to thank Heartland for your excellent support which on my Pension has enabled me to live in my home and to maintain my independence. I am also able to keep the property in good repair. Own and run my car and all the day to day running of my affairs.

Without Heartland all of this would not be possible. Thank you so much.

Quote from a real Heartland borrower

user avatar

The loan has made a big difference. Peace of mind at being able to still be independent in my lovely home – a new fridge, some health treatment and chiefly to have arranged for an access elevator to be installed in the New Year to have easy access to my site.

Quote from a real Heartland borrower

user avatar

Thank you very much for getting my loan through in time for Christmas.  I had a great time with my family.

I have ordered a lounge suite to be made.  I will be having some decorating done and new carpet in the next few months and then I am going to England to see my relations and friends for a few weeks.  Last time it was 1987. 

Yes, you have given me a reason to smile.

Quote from a real Heartland borrower

user avatar

Since the loan we have been able to repay the bank, replace our TV, washing machine, electric heaters, car repairs, and my wife has bought a computer, and we have managed to buy a few DVDs and CDs as we enjoy classical music, operas and ballets, and with a new DVD player we are able to enjoy these without leaving our sitting room.  Our children will have a little left when we “Pop our Clogs”.  In the meantime we intend enjoying our old age and would recommend home equity release – you definitely can’t take it with you.

Quote from a real Heartland borrower

user avatar

Thank you for your prompt attention to our request for a further advance to enable my wife to change from a 32 year old manual to a small automatic car.  She finds this much easier to drive, thus we consider it a sound investment.

Quote from a real Heartland borrower

user avatar

My heartfelt thanks to Heartland for allowing me to keep my wonderful independence after the death of my husband of 65 years, nearly 2 years ago.

With the help of Heartland I was able to purchase a small car, which allows me to do my own thing, and at 87 that means a great deal. I live alone in my two bedroom vial, few relatives and having outlived nearly all my friends, it gives me great peace of mind to know that for a little while longer, I can remain as I am.

My son readily agreed to my decision of 18 months ago.

Quote from a real Heartland borrower

user avatar

Thank you so much for having approved my application for a loan. This means a great deal for someone in my dire financial straits, and has allowed me to pay off a major debt and to make some plans for the future. You are a lifesaver, literally!

Quote from a real Heartland borrower