Accommodation Bond Loans

RBS has developed this loan product to enable people to cover the cost of moving into aged care. In recognizing the significant cost usually associated with paying bond, this loan varies greatly from our Reverse Mortgage loan The three key differences of our Accommodation Bond loan are:

The borrower must be over 65
You may borrow up to 40% of the value of the home
The loan term is limited to a maximum of 5 years

The reason we have a relatively short term is to enable us to lend a larger sum than would be possible if applying standard loan for age ratios.

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Accreditation Material

1.	Introduction
2.	The Concept Behind Equity Release
3.	How Equity Release Products Work
4.	Who is RBS?
5.	Reverse Mortgage Product Summary
6.	Reverse Mortgage Set up costs
7.	Protecting Reverse Mortgage Clients Interests
8.	How much can be released?
9.	How may funds be withdrawn?
10.	How does Centrelink Assess Equity released?
11.	Key Questions
12.	Case study
13.	How Are Loans Finalised?
14.	Accommodation Bond Loans
15.	Accommodation Bond Loans Product Summary
16.	Accommodation Bond Loans Set up costs
17.	Protecting Accommodation Bond Loans Clients Interests
18.	Investment Property Reverse Mortgage Loan
19.	Investment Property Reverse Mortgage Loan Product Summary
20.	Investment Property Reverse Mortgage Set up costs
21.	Protecting Investment Property Reverse Mortgage Clients Interests
22.	Frequently asked questions