Pension Boost, who are specialists in the government’s Pension Loans Scheme (PLS), has reviewed the PLS applications it has submitted on behalf of its clients since the PLS was expanded in July 2019.
reverse mortgage
Lump sum payment from PLS could assist more retirees to live at home
A simple change to the Pension Loans Scheme (PLS) would allow more retirees to adjust their homes better enabling them to live in their homes for longer.
With 700 new retirees each day, where will their income be found?
An increasing number of retirees are seeking ways to live in their homes and find other sources of income to support their lifestyle.
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.
Self-funded retirees 10% of PLS reverse mortgages, says Pension Boost
Pension Boost is originating around 10 per cent of its government-run Pension Loans Scheme (PLS) reverse mortgages with self-funded retirees since the reforms were introduced in July 2019.
Protecting your inheritance from the lender
The growth in use of reverse mortgages by asset rich, cash poor seniors is increasing rapidly.
Funding an aged care RAD with a reverse mortgage
A Refundable Accommodation Deposit (RAD) payable on entry in aged care is often a large amount of money to find in a hurry and many people think selling the family home is the only option open to them.
Funding an aged care deposit with reverse mortgage
In many cases, by using a reverse mortgage loan, the much-loved family home does not have to be sold to fund aged care entry costs.