Lump sum advance payments are now allowed under the Federal Government’s Home Equity Access Scheme (HEAS). This change will increase flexibility and utility for participants by providing a new way to use the scheme to meet their living expenses.
NNEG
600 sign Pension Boost’s No Negative Equity Guarantee petition
Pension Boost has a petition running to bring the government’s reverse mortgage solution known as the Pension Loans Scheme (PLS) into line with regulations that have applied to commercial reverse mortgage providers since 2012.
Pension Boost is a private commercial venture founded by Paul Rogan in 2019, whose purpose is to assist everyday Australian seniors to live a better life. There are 1.9 million seniors on the Age Pension who own property, with many struggling to make ends meet. Pension Boost are the leading independent specialists in the Australian Government’s reverse mortgage programme known as the Home Equity Access Scheme (HEAS).