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Heartland Bank introduces loans allowing retirees to borrow against home value for retirement village moves.
Heartland Bank has launched "village access loans" to help retirees fund their move to retirement villages without selling their homes first.
Borrowers can access up to 50% of their home's value as a lump sum, with no regular repayments over a three-year term.
This option is particularly useful in a flat housing market but financial coach Liz Koh advises considering loan costs against benefits.
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Heartland Bank introduce préstamos que permiten a los jubilados tomar préstamos contra el valor de la vivienda para los traslados de aldeas de jubilación.