Single retired women turning to reverse mortgages
Photo: UnSplash/ Cade Martin
Single women are turning to reverse mortgages as a way to get more cash flow in retirement - and some commentators say it may sometimes be because the adjustment to a "single" pension rate is too tough.
Professor Graham Squires from Lincoln University has conducted research on reverse mortgages in New Zealand.
"This research has not been conducted in New Zealand before, and it is timely given the trajectory of our ageing population and the financial pressures retirees face," he said.
He said while reverse mortgages were relatively niche, only offered by Heartland Bank and
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