TMM - News

Advisers boost Heartland reverse mortgage book

Thursday 26th of August 2021

The year to June 2021 was a record year for Heartland's equity release business, which was up 30.4% on the previous year. 

Net operating income from NZ reverse mortgages rose to $24.4 million, while receivables increased by $41.6 million to $601.5 million.

Reporting its latest set of annual results, Heartland said reserve mortgage growth was driven by investment in mark...

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