Equity Release via a Reverse Mortgage

Flexibility and Peace of Mind in Retirement

Key Choice Lending, we specialize in facilitating Retirees Equity Release through Reverse Mortgages, offering a path to financial serenity and autonomy in your retirement years. Our team of seasoned professionals provides personalized, transparent advice, ensuring you understand every aspect of your financial choices. With us, you’re not just securing funds; you’re investing in a worry-free retirement, designed to let you enjoy your golden years with the utmost comfort and security.

Live a more comfortable retirement with a Retirees Equity Release

Lifetime
occupancy

You can live in your home for as long as you choose

No negative equity guarantee

You can choose a product that ensures the amount to repay never exceeds the net sale proceeds of the property.

Loan
repayment

There is no requirement to make any loan repayment until the end of the loan, although you are free to do so at any time

What is a Retirees Equity Release?

How it works?

Talk to our team

Get in touch. Our specialists will help you figure out if this is the right option for you and get your application started.

Property valuation

The amount you can borrow depends on the value of your home. After your application is completed, we’ll request a valuation to be undertaken.

Approval

After valuation, we review the report and your application. If this meets our criteria we make you a loan offer.

Settlement

We send your settlement documents to your solicitor, who will need to provide you with necessary independent legal advice.

The Advantages and Disadvantages

Pros

You continue to own and live in your home for as long as you choose while accessing equity

Flexible fund receipt options.

The amount required to repay the loan will never exceed the net sale proceeds of the property

30-day cooling-off period If you take out a loan with us and have a change of heart allows you to cancel your reverse mortgage within 30 days of settlement and repay your loan at no additional cost.

Additional occupiers, such as children, are permitted. However, they will be required to sign an acknowledgement confirming that they understand the lifetime occupancy promise will not apply to them.

There is no requirement to make any loan repayment until the end of the loan, although you are free to do so at any time

Equity Protection Option. You may choose to protect a percentage of the value of your home (up to 50%). When your loan is repaid, you or your estate are guaranteed to receive at least the chosen Equity Protection Option percentage of the net sale proceeds

Cons

Loan balance may increase over time.

Possible impact on the estate’s value for heirs.

Generally higher interest rates than conventional mortgages.

Receive your Retirees Equity Release Guide

Receive your Retirees Equity Release Guide to find out more about how reverse mortgages work and how
Australian retirees are making the most of their retirement and planning
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Am I Eligible?

What's your age?

Homeowners, aged 60 and above

Property criteria

Your property must be residential, of conventional construction and in good repair. It must also meet our minimum property criteria, including valuation, size and location.

The property should be mortgagefree, or if there is a mortgage outstanding, it must be repaid with your Retirees Equity Release

Secondary Properties

A Retirees Equity Release is also available to be taken over an investment property or holiday home.

Aged Care Option - Security Bond

Aged Care Option is available for those residing in or moving into permanent longterm care. It has a maximum term of 5 years. Any customers who currently reside in and intend to stay in their home are not able to select this option

Your Potential Borrowing Capacity
Your borrowing ability through Equity Release is influenced by the youngest
borrower’s age and your home’s market value.
Age of Youngest Borrower
Max Loan-to-Value Ratio
Aged Care Option (5 Year Term)
55*
15%
-
60
20%
20%
65
25%
25%
70
30%
30%
75
35%
35%
80
40%
40%
85
45%
45%
90
50%
50%

*Conditions apply for couples with one partner aged 55-60.

Testimonials
We’re proud of the service we provide and the solutions we deliver. Read our
verified client reviews to find out what it’s like to work with us
Sheryl McWilliams
Sheryl McWilliams
2024-05-26
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Matt and the team at Key Choice Lending went above and beyond in the financing of my subdivision and the construction of a new property. As a small business owner, I was grateful to be supported with their expertise in this specialist area of finance. Thanks, Key Choice.
Tahlia Butland
Tahlia Butland
2024-05-23
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Hi Matty, Jack and I speak of you almost every day. We could not be happier in our new house. We are on cloud nine and think we are the luckiest people in the world. Thank you so so much for all your help with getting our finances sorted so quickly. We will forever be so grateful 🙏
Lee Mahon
Lee Mahon
2024-05-06
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The Key Choice Team has facilitated a multi property bridging and construction loan so we could build our dream home and take the time we needed to sell our existing home. Highly recommend.
Jade Watson
Jade Watson
2024-02-18
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Amazing experience with Matthew and his team. So efficient and made the whole process seamless and easy to understand. Would highly recommend.
Mike D
Mike D
2023-12-21
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Fantastic customer service and attention to detail. Great experience, Highly recommend.
Sarah Wallace
Sarah Wallace
2024-09-09
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We can’t thank Matt and his team enough, they were well organised and really knew what they were doing.
leah lorenzutta
leah lorenzutta
2024-08-22
Read More
Definitely recommend using Key Choice Lending for mortgage or lending needs. Their service was prompt and professional every step of the way. Such a friendly and approachable team. Nothing was a bother during the process, and their communication and professionalism was above and beyond what we had expected. Thanks again Matthew and the team at Key Choice. 10/10 for customer service and satisfaction.
Sarah Palmer
Sarah Palmer
2024-08-20
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"Thank you to the Key Choice Lending team for assisting us in purchasing our new home while we hadn’t yet sold our current one. We can now prepare our home to maximize the sale price and have time to move while continuing to work and manage a family. You made our complex circumstances easy to navigate."
GECC Circle of six
GECC Circle of six
2024-08-16
Read More
You made the transactions very simple and swift to refresh our mortgage arrangements. Thanks team!

Google rating score: 4.8 of 5, based on 50 reviews

This checklist

Identification

Examples of acceptable documents:

  • Birth certificate (with change of name or marriage certificate if not current legal name)
  • Current driver’s license (front and back)
  • Current passport
  • Centrelink income statement with date of birth showing
  • A government-issued ID card
  • Citizenship certificate

Rates Notice

Copy of the latest rates notice for the security property.

Insurance

Copy of the latest insurance renewal notice for the security property.

Debt Information

Latest statements for any debts/loans to be repaid at settlement

Power of Attorney or Administration Order

Copy of power of attorney/administration order document (if applicable) – this must be registered with the land titles office (excluding Victoria – if Victorian, an originally certified copy is required).

Body Corporate Fees

Copy of the latest confirmation of body corporate fees, if applicable

Tenancy Agreement

A copy of the lease agreement if there are any tenants living at the security property.

Helpful Resources and Tools
Reverse Mortgage Repayment Guide
Reverse Mortgage Information Statement
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