News | Business
28 Feb 2021 17:02
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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.

    © 2021 Newstalk ZB, NZCity


     Other Business News
     28 Feb: Brits may be famed tea drinkers, but coronavirus is driving Londoners to Australian-style coffee
     27 Feb: Some NZ post shops in Auckland are operating at alert level 2, despite the rest of the country being at level 1
     27 Feb: Over-confidence with no cover
     27 Feb: New payments hope to encourage more farmers to meet the environment and animal expectations
     26 Feb: New Zealand Post's profits have dipped -- despite a record-breaking year for parcel deliveries
     26 Feb: Anxiety continues for Auckland businesses two weeks on from the emergence of the Papatoetoe Covid-19 cluster
     26 Feb: Some relief from yard congestion at Port of Tauranga
     Top Stories

    RUGBY RUGBY
    The Blues had planned for the situation they now find themselves in More...


    BUSINESS BUSINESS
    Brits may be famed tea drinkers, but coronavirus is driving Londoners to Australian-style coffee More...



     Today's News

    Rugby:
    The Blues had planned for the situation they now find themselves in 16:57

    Entertainment:
    Golden Globes 2021: When and where to watch, who is hosting, and more 16:27

    Netball:
    Gut wrenching 16:17

    Living & Travel:
    Masterton's mayor is looking on the bright side of a popular event being cancelled today 16:17

    Cricket:
    A record-breaking day for the Wellington Firebirds in domestic cricket's Ford Trophy 15:27

    Motoring:
    Kiwi Shane van Gisbergen's claimed pole-position for this afternoon's season opening Supercars event at Bathurst 15:07

    Law and Order:
    A 31 year old man has died following a stabbing in Bay of Plenty 14:57

    Politics:
    While there are no new community cases of Covid-19 today, Prime Minister Jacinda Ardern says it's too early to get optimistic 14:37

    Law and Order:
    Police in Hawke's Bay will be temporarily carrying guns after a shooting incident at 12:30 this morning 14:07

    Rugby:
    Cyclist Anton Cooper is once again the New Zealand elite cross country champion 13:07


     News Search






    Power Search


    © 2021 New Zealand City Ltd