Homesafe pushes equity release option

Related News: FSC questions whether FOFA achieved its objectives

Equity release product specialist Homesafe Solutions has joined with Senior Australians Equity Release (Sequal) to claim the recent fall in the share market will increase pressure on retirees to look to reverse mortgage options.

The two organizations claimed this week that given the decline in the market, now might be the right time for retirees to consider releasing some of the equity in their homes via a reverse mortgage or a home reversion product.

“Utilising an equity release product enables retirees to preserve their existing assets and more importantly ride out share market volatility, whilst being able to continue funding their retirement and remaining securely in their homes,” they said.

The statement said the introduction of the Future of Financial Advice (FOFA) reforms would contribute to assisting retirees to make informed decisions when considering home equity release products, in particular by ensuring that advisers considered carefully that their right to remain in their home for the remainder of their lives was completely protected.

Related Content

Midwinter partners with Licensing for Accountants

Midwinter has announced a partnership with independent firm, Licensing for Accountants, to provide compliance and technology advice for accountant lim...more

Budget fair for the retirement incomes system

The 2016-2017 Federal Budget has introduced mammoth changes in the superannuation sector, which could help make the economy fairer during ‘financial...more

Reducing concessional cap will send shock waves

The Federal Government's decision to decrease the superannuation concessional contribution cap down to $25,000 will send "shock waves" through the sel...more



Add new comment