Reverse Mortgages

Centuria Capital Limited’s subsidiary Over Fifty Seniors Equity Release Pty Limited ABN 12 095 362 388 Australian credit licence 384614 has not taken any new applications for the Seniors Home Equity Release Loan (Reverse Mortgage) product since 2008.

With effect from 17 October 2014, Over Fifty Seniors Equity Release Pty Limited sold its variable rate reverse mortgage portfolio and transferred the assets to Perpetual Trustee Company Limited ACN 000 001 007 in its capacity as trustee of the Arise Finance Trust.  To find out more about Arise Finance, visit its website at www.arisefinance.com.au.

Fixed For Life Reverse Mortgages

Over Fifty Seniors Equity Release Pty Limited retains ownership of the Fixed For Life Reverse Mortgages and remains the manager of these loans which will continue to operate on the same terms and conditions as set out in the loan contract and mortgage.

To find out more about reverse mortgages, including a reverse mortgage calculator to help you work out how much equity you may have in the future, visit the Australian Securities and Investments Commission’s free consumer website at www.moneysmart.gov.au or call 1300 300 630.

Contact Us
Call: 1300 50 50 50
Fax: (03) 9629 3397
Post: GPO Box 695, Melbourne Vic 3001
Visit: Level 32, 120 Collins Street, Melbourne Vic 3000


Downloads

Reverse Mortgage Information Statement

Seniors Home Equity Release Loan Terms and Conditions

Memorandum of Mortgage Provisions

Periodic Payment / Cash Reserve Form

Withdrawal / Deposit Form