Lender takes out Best Reverse Mortgage award

by Madelin Tomelty02 Dec 2016
Heartland Seniors Finance has won the award for Best Reverse Mortgage at Money magazine's annual Best of the Best awards held in Sydney on Wednesday night.

Recognised for the value offered to its customers, CANSTAR assessed Heartland's Reverse Mortgage product based on a combination of features including its flexibility and lack of ongoing fees.

An industry leader in the Reverse Mortgage market, Heartland Seniors Finance caters to older  Australians and offers the ability to meet the ever growing gap between superannuation, the pension and retirement needs.

The lender's winning product is designed to help older Australians manage their financial requirements in retirement, with common uses range from consolidating debt, completing household renovations or covering general living expenses. The amount borrowed depends on a number of factors, such as age (minimum 60 years), location and the valuation of their home.

Andrew Ford, Heartland Seniors Finance CEO, said they are thrilled to win the Best Reverse Mortgage award for the seventh year running.

“To receive recognition from Money magazine’s prestigious Best of the Best awards is a great honour for Heartland. That said, helping thousands of Australians to live a better retirement is the most rewarding aspect of what we do.

"With many senior Australians now living in homes that hold much of their wealth, Heartland is really pleased to help older Australians access funds through our Reverse Mortgage product, so they can enjoy their hard earned retirement and stay in their own home,” said Ford.