HOMESAFE SOLUTIONS JOINS EQUITY RELEASE PEAK BODY

Homesafe Solutions has become the newest member of the senior’s equity release industry body, SEQUAL.

“Over the past five years we have worked with our industry peers to advance growth in the sector, but this relationship takes that cooperation to a new level,” said Peter Szabo, Managing Director of Homesafe Solutions.

“We’re committed to working with the industry to provide senior Australians with more choices in funding a dignified retirement,” Mr Szabo said.

Mr Szabo said that unlike the products offered by other members of SEQUAL – which are reverse mortgages – Homesafe Solutions’ Debt Free Equity Release product is not a reverse mortgage but involves the sale of a share of the future sales proceeds of the home for an upfront cash sum.

“With Homesafe Debt Free Equity Release the retiree homeowner has the certainty that they will always, at a minimum, retain the share of the sales proceeds of their home they have not sold.

“Our membership of SEQUAL signifies the ongoing development of the equity release market in Australia.

Mr Szabo said he looks forward to working with SEQUAL and its members on common objectives including:

• Educating senior Australians about the opportunity to use their family home as a source of sustainable retirement income;

• Highlighting the public-policy challenge of how to fund Baby Boomers into retirement while maintaining high quality of life and healthcare standards for all senior Australians;

• Supporting senior Australians in their desire to stay in the family home while enjoying the benefits of an independent retirement income.

Chief Executive of SEQUAL, Kevin Conlon, said that there is good reason for senior Australians to explore the options provided through equity release in order to meet the challenge of funding their retirement.

Media Enquiries: Justine Taylor 0422 663 066

Homesafe Solutions is the major provider of Debt Free Equity Release products. For more information about Homesafe Solutions product visit www.homesafesolutions.com.au or call 1300 725 750.