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Not all lenders' products are available through our broker network. However, our brokers can assist you in comparing various products and features.
General Details
Institution
Newcastle Permanent Building Society
Product Name
Reverse Mortgage - Line of Credit
Loan Conditions
Is there a guarantee of 'No Negative Equity'
Yes
Legal Advice Required
Yes
Lending in all Areas
Yes
Age 60
Min. Loan-To-Valuation ratio (LVR)
1
Max. Loan-To-Valuation ratio (LVR)
15
Min Loan Amount
10000
Max Loan Amount
9999999
Age 65
Min. Loan-To-Valuation ratio (LVR)
1
Max. Loan-To-Valuation ratio (LVR)
20
Min Loan Amount
10000
Max Loan Amount
9999999
Age 70
Min. Loan-To-Valuation ratio (LVR)
1
Max. Loan-To-Valuation ratio (LVR)
25
Min Loan Amount
10000
Max Loan Amount
9999999
Age 80
Min. Loan-To-Valuation ratio (LVR)
1
Max. Loan-To-Valuation ratio (LVR)
35
Min Loan Amount
10000
Max Loan Amount
9999999
Interest Rates
Rates Available
Variable
Variable Rate
9.55
1 Yr Fixed
-
2 Yr Fixed
-
3 Yr Fixed
-
4 Yr Fixed
-
5 Yr Fixed
-
Fees
Total Setup Fees
1000
Ongoing/Annual Fee
0
Discharge Fee
250
Early Termination/Deferred Establishment Fee
1% of original loan amount if voluntarily paid out in the first 5 years
Features
Partial Repayments Allowed
Yes
Repayment Notes
-
Drawdown - Lump Sum or Regular Payments
All
Further Advances
Yes
Revaluation Required
Yes
Revaluation Frequency (yrs)
3
Revaluation Fee
0
Portability
Yes
Limit to Equity Reduction
-
Avaliablility
NSW
Yes
ACT
No
QLD
No
VIC
No
TAS
No
SA
No
WA
No
NT
No
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