A A A
1300 306 059

Monday - Friday 9am - 5pm

How Does It Work?

Check your eligibility

  • Instead of a reverse mortgage loan, you sell Homesafe a share of the future sale value of your home;
  • Based on the share of the future value of your home you decide to sell, together with your age and the value of your home today, Homesafe determines the amount of cash it can provide to you today based on the future share you wish to sell;
  • You receive a lump sum cash amount up front and Homesafe is therefore entitled to the agreed percentage of the future sale proceeds of your home, whenever that might be.
  • If you sell earlier than anticipated, at the time of the sale of your home, Homesafe will calculate its share of the sale price based on the share you have sold and then calculates the Rebates available to you which would then be deducted from the Homesafe Share (thereby providing you more equity at settlement) as a result of the early sale.

The Homesafe Contract process:

Step 1

Today

You enter into a Homesafe Contract to sell a share of the future sale proceeds of your home. Homesafe is not entitled to anything more than this agreed share and will only receive its share when you sell your home, or when your home is sold after the death of the surviving party to the Homesafe Contract.

Step 2

Release

In exchange for selling Homesafe an agreed share, you receive an upfront cash amount on entering into the Homesafe Contract. The cash you receive is less than the 'face value' of the share you sell to Homesafe due to the valuable entitlements you retain for life.

Step 3

Future

When your home is eventually sold, you or your estate will be entitled to the share of the sale proceeds not sold to Homesafe, and depending on when your home is sold and for what value, you may be entitled to an Early Sale Rebate.  

Step 1

Today

You enter into a Homesafe Contract to sell a share of the future sale proceeds of your home. This share is a fixed percentage of the sale proceeds and it is only due when you sell the home, or when the home is sold after the death of you and your partner.

Step 2

Release

In exchange, you receive a cash amount on entering into the Homesafe Contract. The cash you are paid is less than the 'face value' of the share you contract for due to the valuable entitlements you (and your partner) retain for life.

Step 3

Future

When the home is eventually sold, you or your estate will be entitled to the share of sale proceeds not sold to Homesafe.


The basic fundamentals of the Homesafe Contract:

► You retain the right to live in your home or rent it out and keep the rent.

► Therefore, the amount that Homesafe pays in cash is less than the same share of the property's value today.

► Homesafe determines how much it can advance, or the share it will receive in the future, based on the age of the homeowners and the value of the property today.

► In doing so Homesafe makes certain assumptions as to how long the Contract may be in place.

To find out how Homesafe Wealth Release® can assist you, please click here.

Homesafe provides peace of mind in retirement:

  • It is not a loan or a reverse mortgage
  • You remain the legal owner of your home
  • Live out your life in your home, or sell when you decide
  • You can rent out your home and retain the income
  • No requirement to sell your home if you move into aged care
  • You can buy back the sold share at any time
  • You can access any amount between $25,000 and $1,000,000*

* Terms, conditions & eligibility criteria apply.

.

Check your eligibility

HomeSafe Wealth Release HomeSafe Wealth Release

To find out how Homesafe Wealth Release® can assist you, please click here.