Sale of Reverse Mortgages Book
With effect from 17 October 2014, Centuria Capital Limited sold its variable rate reverse mortgage book and transferred the assets to Perpetual Trustee Company Limited ACN 000 001 007 in its capacity as trustee of the Arise Finance Trust (Arise Finance). This change does not alter borrowers’ current rights and obligations under their loan. Each loan continues to operate on the same terms and conditions as set out in the loan agreement and mortgage.
Variable Rate Reverse Mortgages
Variable rate reverse mortgage customers can access details of Arise Finance at www.arisefinance.com.au
Fixed For Life Reverse Mortgages
Centuria Capital Limited’s subsidiary Over Fifty Seniors Equity Release Pty Limited ABN 12 095 362 388 Australian Credit Licence 384614 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 agreement and mortgage.
The Australian Securities and Investments Commission (ASIC) Money Smart website provides more information about reverse mortgages. Click here for more information.
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