DomaCom’s Senior Equity Release (SER) is a financial product you can use to engage and connect your senior aged clients seeking equity release from their home with your investment clients seeking exposure to residential property. Investors receive a fixed rental income and a share of the capital value of the property as independently valued, and in proportion with their investment. Seniors can opt to receive a lump sum or a regular flexible payment as suits their needs and by agreement have a permanent right of abode. When it is sold they receive the residual sale price at the same time investors receive their share of the proceeds. It is an ASIC requirement that seniors receive advice on this product and that advisers are accredited to give that advice. Accreditation attracts up to 7 CPD points and is funded by DomaCom.
Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as an indication only. They are neither a quote nor a pre-qualification for a Senior Equity Release product. The results from this calculator are based upon the information you enter into the calculator and are an approximate guide only. They do not constitute specialist advice. The results from this calculator should not be relied upon for the purposes of entering into any legal or financial commitments. Users should seek appropriate independent professional advice prior to relying on, or entering into any commitment based on any results generated by the calculator.
National Seniors Australia
1300 765 050
Financial Information Desk (FID)
1300 020 110
Department of Human Services (DHS), Financial Information Service (FIS)
13 23 00
Equity Release Industry Council (ERIC)
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