REP 586 Review of reverse mortgage lending in Australia
Released聽28 August 2018
This report summarises the findings and recommendations from ob体育鈥檚 review of lending practices for reverse mortgages.
Reverse mortgages can play an important role in helping older Australians improve their standard of living in retirement while remaining in their homes.
Our review found that reverse mortgages are playing this role, but that lenders can do more to improve long-term consumer outcomes and help potential borrowers make informed decisions about their immediate and future financial needs.