Reverse Mortgages - Virent Global Bank

LATER-LIFE LENDING

Understand your options before using home equity

A reverse mortgage is a specialised form of lending that may allow eligible homeowners to access part of the value in their home. Because interest, fees, property obligations, and long-term equity effects can be significant, customers should fully understand the product and obtain appropriate independent advice before proceeding.

Talk to Us Request Funding

AT A GLANCE

What you can expect

Designed for eligible homeowners
Access to approved home equity
No ordinary product assumptions—terms matter
Independent legal and financial advice encouraged

HOW WE CAN HELP

Practical support, clearly explained

Every request is considered on its individual circumstances, applicable criteria, and the information available at the time of assessment.

How It Works

Approved funds may be provided in a form permitted by the facility, while the loan balance generally changes over time according to interest, fees, repayments, and withdrawals.

Protecting Your Position

Customers should understand occupancy obligations, property maintenance expectations, insurance requirements, and the effect on remaining equity.

Family & Estate Planning

Because a reverse mortgage can affect future property equity and estate outcomes, discussing the decision with trusted family and professional advisers can be important.

PROCESS

What happens next

1
Request a detailed product explanation and personalised illustration.
2
Review expected interest, fees, projected balance, property obligations, and exit scenarios.
3
Obtain independent legal and financial advice as appropriate.
4
Proceed only after formal eligibility, valuation, and lending assessment are complete.

BE PREPARED

Information commonly requested

Proof of identity and ownership
Property details and current valuation information
Existing mortgage or secured debt information
Questions about long-term plans, occupancy, and estate objectives

Exact requirements vary by product, customer type, jurisdiction, purpose, and assessment. Additional information may be requested.

COMMON QUESTIONS

Helpful answers before you start

For product-specific pricing, eligibility, contractual terms, or a decision on an application, contact us directly.

Does the bank own my home?

A reverse mortgage is lending secured against property; ownership arrangements and security rights are governed by the actual facility documents and local law.

Will the balance stay the same?

Not necessarily. Interest and fees can increase the outstanding balance unless repayments or other arrangements reduce it.

Should I get advice first?

Yes. Independent legal and financial advice is strongly recommended before entering a long-term home-equity facility.