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4 Mar 2021 10:07
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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.

    © 2021 Newstalk ZB, NZCity


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     Top Stories

    RUGBY RUGBY
    Black Ferns captain Eloise Blackwell's hopeful any postponing of the World Cup could result in more players to choose from More...


    BUSINESS BUSINESS
    Fonterra is weighing up a possible increase to its Farmgate Milk Price, following the latest rise in global dairy prices More...



     Today's News

    Rugby:
    Black Ferns captain Eloise Blackwell's hopeful any postponing of the World Cup could result in more players to choose from 10:07

    Entertainment:
    Tony Hadley still hasn't received his MBE 10:01

    Education:
    New Zealand's smallest school of four children has opened up again in the Mackenzie Country 9:57

    International:
    Buckingham Palace to investigate bullying claims made against Meghan Markle 9:37

    Entertainment:
    Bryan Cranston still hasn’t fully recovered his sense of taste after having COVID-19 9:31

    Rugby League:
    Former New Zealand league international Fuifui Moimoi reckons he still loves playing the game at 40 and has no plans to retire 9:27

    Entertainment:
    Annie Lennox has launched a new campaign designed to fight gender inequality ahead of International Women's Day (08.03.21) 9:01

    Entertainment:
    Kaley Cuoco has joked about missing out on a Globe Globe award on her Instagram account 8:31

    Business:
    Fonterra is weighing up a possible increase to its Farmgate Milk Price, following the latest rise in global dairy prices 8:17

    Living & Travel:
    The Christchurch City Council's venues and events company - Vbase Limited - has changed its name 8:17


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