How am I protected with a Reverse Mortgage?
We take our duty of care seriously and have a range of safeguards in place to ensure you make an informed decision and are well protected*.
Lifetime occupancy promise
You continue to own and live in your home for as long as you choose.
No negative equity guarantee
The amount required to repay the loan will never exceed the net sale proceeds of the property.
Loan repayment promise
You do not need to make any loan repayments until the end of the loan. Although you can choose to make repayments at any time with no penalty.
Equity protection option
You can choose to protect a percentage of the eventual net sale proceeds of your home. When your loan is repaid, you’re guaranteed to have this chosen percentage returned to you (up to 50%).
30-day cooling off period
It’s important you feel comfortable with your decision. If you change your mind within 30 days, simply repay your loan (including interest and valuation fee), and we’ll refund the application fee in full.
Independent legal advice
It is important that you are completely happy with all aspects of your Heartland Reverse Mortgage. To ensure this, the legal advice on your loan agreement must be carried out by a solicitor of your choice, who will represent your interests and work with you to explain and discuss your loan.
Speak to a specialist
If you’d like to find out more about a Heartland Bank Reverse Mortgage, you can call us on
0800 488 740.
Alternatively, enquire with us by clicking the button below and filling out the contact form.
Our hours are Monday to Friday, 8.30am - 5.00pm
Enquire now
How can we help?
New Reverse Mortgage application
If you are new to Heartland and wish to apply for a Reverse Mortgage, please select apply here.
Cash Reserve request
If you already have a Reverse Mortgage and wish to draw funds from an existing account, please apply here.