Household Capital: Expanding Lending Options for Clients Aged 60+
Household Capital, a leading retirement funding specialist, is making waves in the market with its innovative lending solutions for Australians aged 60+
The company announced its appointment to Finsure and Loan Market (LMG) Group's broking panels in November and has now been appointed to YBR Aggregation and Specialist Finance Group (SFG) panels. This has expanded Household Capital’s reach to a wider network of mortgage brokers. Industry whispers suggest that even more major aggregators are on the horizon for Household Capital in the coming weeks.
But what if reverse mortgages aren't your cup of tea? Here's the good news: Household Capital offers more than just reverse mortgage deals. Their "spot and refer" model caters to brokers who may not want to directly originate reverse mortgages. By referring clients to Household Capital, brokers can earn a very competitive 0.3% commission on the settlement of the total approved loan amount, not just the portion withdrawn by the borrower. This unique structure provides brokers with an attractive opportunity to add value for their clients seeking retirement funding solutions.
Why Household Capital Stands Out
Household Capital focuses on providing responsible long-term access to home equity for retirees. Their approach allows seniors to enjoy a more comfortable retirement while staying in their familiar homes. Here's what sets them apart:
Focus on clients aged 60+ Specialists: This client group has specific needs and faces unique challenges, addressed by Household Capital’s product suite; this ensures a personalised and supportive experience.
Flexible Options: Household Capital offers a variety of product solutions beyond traditional reverse mortgages, catering to diverse needs and objectives.
Competitive Broker Referrals: The 0.3% commission on the total approved amount offers brokers a compelling incentive for referrals.
Looking Ahead
With their expansion plans and focus on innovative solutions, Household Capital is poised to become a key player in60+ lending market. The company’s commitment to responsible lending and providing value for both brokers and their older clients makes them a valuable partner for a secure and comfortable life.
Dont take our word for it, here are some quotes from brokers who have written with them:
“With just one reverse mortgage lender previously on Finsure’s panel, it was awkward not being able to offer my customers any choice. I became accredited with Household Capital the same week that they joined the panel. It was a very good move and immediate advantages were evident:
Barry LeBrocq
"Household Capital are very client focused and responsive, making dealing with them a pleasure. Household look for ways to make a deal work which is refreshing for a broker and results in a great experience for the clients."
Ian Noble - Kingsbridge Private
Esther AngrisanoCaitlinCraig Faulkiner
