|
|
 |
|
Viewing report
|
|
|
|
Reverse Mortgages in New Zealand 2005
Datamonitor, June 2005, Pages: 86
This briefing reviews interest in reverse mortgages in New Zealand and drivers of future market growth. It then profiles leading competitors in the market including Sentinel, SAI Life and Lifestyle Security. Finally we present our opinion on the future of the product and its distribution as well as on the future competitive environment.
Scope
Covers the New Zealand reverse mortgage market with supplementary coverage of markets in Australia, the UK, the US and Canada
Profiles competitors including Sentinel, SAI Life and Lifestyle Security
Based on interviews with executives working in the reverse mortgage market in New Zealand
Highlights
Increased interest in reverse mortgages must be placed in the context of wider use of home equity. In recent years home equity has become much more accessible. Rather than seeing equity only as a stock to be built up over time consumers see home equity as a flow to be tapped as and when required.
The Lifestyle Security line of credit facility can unquestionably establish itself in the New Zealand market being structured very differently from competing products. It is our opinion that going forward this line of credit style products will become increasingly popular among reverse mortgage borrowers.
The average advance on a reverse mortgage will never be as large as that on a standard mortgage loan. However, as consumers regard reverse mortgages in a more positive light, retirees become less debt adverse and they incorporate reverse mortgages into their financial planning decisions they will be happier to borrow more.
Reasons to Purchase
Learn about reverse mortgage products currently offered on the New Zealand market
Learn about possible product enhancements based on experience in Australia, the UK, the US and Canada
Identify ways to maximise the effectiveness of your reverse mortgage distribution strategy
Customers who bought this item also bought
Reverse Mortgages in Australia and New Zealand 2007
Reverse Mortgages in Australia and New Zealand 2005
Reverse Mortgages in Australia 2004
Reverse Mortgages in the United States 2008
UK Niche Mortgages 2007
Direct Mortgages Market Assessment 2008
The New Zealand Mortgage Broker Survey 2006
Uk Mortgages 2007 (Review Report)
Mortgages in Australia 2008
UK Mortgages 2009: Competitive Dynamics in the UK Mortgage Market
UK Buy-to-let Mortgages 2008
Australian Mortgages 2004
|
|
|
|
