Access your home's equity without selling or making monthly repayments. Compare providers, understand your options, and make an informed decision.
✓ No monthly repayments • ✓ Stay in your home for life • ✓ FMA regulated providers
A reverse mortgage allows New Zealand homeowners aged 60+ to borrow against their home's equity without making monthly repayments. Unlike a traditional mortgage where you pay the bank, with a reverse mortgage the bank pays you.
You retain complete ownership of your home and can live there for life
Interest is added to the loan balance - no ongoing payments required
FMA regulated with mandatory independent legal advice
Meet age and property requirements, get your home valued
Get funds as lump sum or regular payments
Continue living normally while interest is added to the loan
Repaid when you sell, move to care, or pass away
New Zealand's largest reverse mortgage provider
Community-focused mutual bank
| Factor | Heartland Bank | SBS Bank |
|---|---|---|
| Interest Rates | Variable 6.5-8.5% | Variable 6-8% |
| Maximum LVR | Up to 60% (age 75+) | Up to 40% (age 70+) |
| Property Types | House, townhouse, unit | House, townhouse |
| Voluntary Repayments | Up to 10% annually | Allowed anytime |
Note: Rates and terms change regularly. Always confirm current details directly with providers.
Most New Zealanders aged 60+ who own their home will be eligible. The main factors are your age, home value, and property condition.
Read Our Detailed Eligibility GuideOur interactive calculator shows how compound interest affects your loan balance over time, and what inheritance might remain for your family.
Get answers to more specific questions in our comprehensive guides or through our provider comparison tool.
Start with our free assessment tool or speak directly with New Zealand's leading providers. Get the information you need to make an informed decision.
✓ No obligation • ✓ Free consultation • ✓ Independent advice required by law