Homesafe Eligibility Criteria

• Homeowners 60 years or older in Victoria, or 55 years or older in New South Wales at the date of Contract with Homesafe.
  
• Homes within eligible postcode areas - Homesafe currently offers Homesafe Debt Free Equity Release in 90% of metropolitan Melbourne and Sydney postcodes.
  
• Homes which are free-standing, or if a Unit, there are no more than 4 units on the Title Plan.
• The property is the principal place of residence for at least one Homeowner at the time of exchange of Contracts.
• The land value of the property is 60% or greater of the total value determined by an Independent Panel Valuer.
• Where all permanent residents in the home are shown as property owners on the Certificate of Title or can be added as required.
• Homeowners with a clear Title or where all existing mortgages can be discharged before, or at the time Homesafe contracts with Homeowners.
• Lump sums available: $25,000 - $1,000,000* 
• Maximum share a Homeowner can sell is 65% of the future sale proceeds of the home.
• Homeowners can enter into additional Contracts over time, up to a total share of 65%.

NB Given the nature of the Homesafe transaction additional eligibility criteria may apply before an exchange of contracts can take place. 
* Terms and conditions and eligibility criteria apply.

To find out how Homesafe Debt free Equity Release can assist you, please click here.