Reverse mortgage

Pensioners and retirees who own their home and want to access its equity without selling: for living costs, home improvements, care, or simply breathing room.

A reverse mortgage lets you draw on the equity in your owner-occupied home with no repayments required until the end of the loan, usually when you sell or leave the home. You keep ownership, keep living in your community, and keep any future growth in the property's value.

Drawdown is flexible: a lump sum, a regular income stream, or a mix. Voluntary repayments are available if circumstances change.

Because nothing is repaid along the way, interest compounds and the balance grows over time, which affects what you leave behind. We explain every figure in plain words first, and we encourage you to involve your family and legal adviser in the decision.