Heartland Village Access Loan

If you are looking to move into a Retirement Village you will probably have to sell your home to fund it.

The timings may make this difficult. For example if you want to buy a unit that isn't yet complete you might be able to readily sell your home but then where will you live until the unit is completed?

A Heartland Bank Village Access Loan works much like a traditional home loan, but it is designed specifically for homeowners planning a move into a retirement village. It allows people aged 60 and over (or 55 if applying with an older borrower) to unlock equity in their current home to secure an occupation right agreement without having to sell their home first. There are no regular repayments required, though you can make voluntary repayments at any time. Interest is added monthly to the outstanding balance, and the loan is repaid from the sale of your property within the agreed term. Importantly, you remain the full owner of your home until it is sold.

Give us a call on 07 578 3863 or email This email address is being protected from spambots. You need JavaScript enabled to view it. if you'd like to discuss this option.