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29 Mar 2024 11:20
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  •   Home > News > Business

    A surge of retired New Zealanders are leveraging their homes to free up cash

    A surge of retired New Zealanders are leveraging their homes to free up cash


    Heartland Bank has reported a 20 per cent uptick in reverse mortgage approvals over the past six months.

    It's something that allows homeowners to take out a mortgage on their house, which isn't paid back until the property is sold.

    Enable Me Managing Director Hannah McQueen says it's concerning.

    She says it shows they aren't prepared for retirement - and the question is how long they need to mortgage their home for and what's their plan after.

    © 2024 Newstalk ZB, NZCity

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    BUSINESS BUSINESS
    Innovative New Zealand apple producing company Rockit is focussing on its international expansion More...



     Today's News

    Living & Travel:
    South Africa bus crash leaves at least 45 dead after vehicle plunges off bridge and catches fire 11:17

    Accident and Emergency:
    An eight-year-old child is the sole survivor of a bus crash in South Africa that's killed 45 people 11:07

    Entertainment:
    Whoopi Goldberg stormed off the stage of 'The View' to tell off an audience member for filming it on his phone 10:53

    Cycling:
    Star Belgian cyclist Wout van Aert has had surgery after suffering multiple fractures in a crash which has put his Giro d'Italia entry in doubt 10:47

    Law and Order:
    Cordons remain in place in Auckland's Brown's Bay as police investigate a death following an assault 10:27

    Law and Order:
    The tangi of one of the men who died after a mass brawl at a 21st birthday party in Gisborne last weekend will be held today 10:27

    Entertainment:
    Machine Gun Kelly is said to be in "good spirits" despite Megan Fox admitting they once called off their engagement 10:23

    Rugby:
    Calls for Rugby Australia to back their women's game from Chiefs Manawa fullback Renee Holmes 10:07

    Tennis:
    The men's semifinals at the Miami Open will feature a rematch of this year's Australian Open final 10:07

    Entertainment:
    Inside Islamic State's transformation, from life support to 'slaughtering with gusto' 9:57


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