"At Key Choice Lending, we help retirees unlock the value of their homes through Equity Release, also known as a Reverse Mortgage. This solution allows homeowners aged 55+ to access their home's equity without needing to sell, providing comfort and security throughout retirement."
"If you’re seeking to boost retirement income or manage large expenses while maintaining the security of home ownership, we’re here to guide you toward the best financial solution tailored to your needs."
You can live in your home for as long as you choose
You can choose a product that ensures the amount to repay never exceeds the net sale proceeds of the property.
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
Get in touch. Our specialists will help you figure out if this is the right option for you and get your application started.
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.
After valuation, we review the report and your application. If this meets our criteria we make you a loan offer.
We send your settlement documents to your solicitor, who will need to provide you with necessary independent legal advice.
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
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 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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Homeowners, aged 55 and above
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 mortgage-free, or if there is a mortgage outstanding, it must be repaid with your Retirees Equity Release
A Retirees Equity Release is also available to be taken over an investment property or holiday home.
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 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.
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
Amazing service by Matt and the team! Their communication was excellent and they explained everything thoughtfully, which was especially important being a first-time-loaner. The comparison meeting and how-to video for signing the documentation was especially helpful! Would highly recommend.
We would like to thank Matthew and his team for recently helping us to renegotiate the interest rates for our existing Investment property loans. We have had previous dealings with him over the past years and have always found him very knowledgeable in his profession and easy to deal with. He and Isah found us the best deal by providing us with interest rates from several banks to choose from. The set up of the loans were done via email and digitally which made life easy for all of us without having to meet and sign paperwork etc.
Incredible Support for First-Time Buyers! I can't thank Key Choice Lending enough for helping me through the process of buying my first home. From start to finish, Matt and the team were there to guide me, making sure I understood every step. They were always available for any questions I had and made what could have been a stressful experience feel smooth and exciting. I'm so grateful for their professionalism and support—I highly recommend Key Choice Lending!
A stress free first home buying experience! My sister and I went through key choice, as first home buyers, we couldn't be happier! we went into this process unsure and not confident but Matt, Ron and the team have made this long journey nothing but a breeze!! they've guided us through this process with so much patience, answering any questions we had straight away and made sure we felt comfortable from start to finish. I couldn't recommend this team enough!
Examples of acceptable documents:
Copy of the latest rates notice for the security property.
Copy of the latest insurance renewal notice for the security property.
Latest statements for any debts/loans to be repaid at settlement
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).
Copy of the latest confirmation of body corporate fees, if applicable
A copy of the lease agreement if there are any tenants living at the security property.
Limited Spots Available.