News & Announcements

In March 2009 ABN AMRO in Australia rebranded to RBS following The Royal Bank of Scotland Group plc (RBS) led consortium's acquisition of ABN AMRO Bank N.V. in late 2007.

News

RBS Reverse Mortgage wins again for customers
ABN AMRO has taken out the Money Magazine's 2008 Gold Award for Best Reverse Mortgage Award (Bank category) due to its customer-focused blend of ...
05 December 2007

RBS Reverse Mortgages awarded exceptional 5 star rating by Cannex
ABN AMRO has been awarded a rare 5 star rating by research house Cannex in its first review of Australian Reverse Mortgage providers. This ...
15 October 2007

RBS Reverse Mortgage wins again for customers and advisers
ABN AMRO's Reverse Mortgage has won another best in class award in 2007, winning the Your Mortgage magazine "Best Reverse Mortgage" (Bank category). ...
28 September 2007

RBS reverse mortgage products scoop more industry awards
ABN AMRO Australia's reverse mortgage products have won both categories of the Australian Financial Review's Blue Ribbon Smart Investor Awards for ...
18 May 2007

In the news *

SEQUAL Announces New Chairman - Local Knowledge and International Experience [PDF]
It was today announced that Mr Martin Lynch has been appointed Chairman of the Senior Australians Equity Release Association of Lenders ("SEQUAL").
Kevin Conlon, SEQUAL's Chief Executive, said "Mr Lynch is well-placed to step up from the Deputy Chairman role. He has made a valuable contribution on the SEQUAL Board and has considerable experience in the design and delivery of Reverse Mortgages both within Australia and overseas".
Lynch stated that his term on the SEQUAL Board has been meaningful and rewarding. "Over that time, SEQUAL has become widely recognised as an effective industry body which has guided the development of an efficient and ethical equity release market in Australia" ... SEQUAL Press Release
10 September 2008
Also covered in:
SEQUAL appoints new chairman - Reverse Mortgage Watch
SEQUAL appoints new chairman - Financial Standard
SEQUAL appoints new chairman - Money Management

ABN Amro claims reverse mortgage market leadership
The reverse mortgage market is in the doldrums, following the withdrawal from the market by one lender and sharp cutbacks by a couple of others. And brokers report that while there is still demand from people who need access to funds, applications from so-called lifestyle borrowers have dried up.
One lender, ABN Amro, has reassured its broker and financial planner distribution networks that it is in the market for the long term and that it will continue to introduce new products and features ... by John Kavanagh - The Sheet
16 May 2008

Best reverse mortgage providers named
ABN Amro and Bluestone were the only reverse mortgage providers to receive a 'superior value' rating from research house Cannex in its latest review of the sector. The two firms were awarded the highest rating due to their ability to offer competitive interest rates while maintaining their flexibility for clients as well as safety features.
"ABM Amro offers no less than 12 reverse mortgages, with many fixed and variable interest rate options to choose from. While Cannex acknowledges that interest rates are important, the features these loans offer are just as important for retirees," the report said. by Darin Tyson-Chan - Investor Daily
Monday 28 April 2008

ABN AMRO launches new reverse mortgage
ABN AMRO has announced the launch of two new reverse mortgage products. Martin Lynch, head of reverse mortgages at ABN AMRO, says that the two - the Investment Property Mortgage (IPM) and the Accommodation Bond Loan (ABL) - represent a first in that they have been specifically designed with financial planners in mind ... - Money Management
7 April 2008

Fixed rate not necessarily five star – Cannex
Australian's are increasingly turning to fixed rate home loans even though they might not always be the best choice for them, according to Cannex Mortgage Star Ratings. Cannex yesterday released its Mortgage Star Ratings report with more 'superior' or five star mortgages found among standard home loans as opposed to the other fixed one, two, three and five year loans ... by Amy Corderoy - Money Management
25 March 2008

ABN AMRO launches new reverse mortgages
ABN AMRO has launched two reverse mortgage products designed to be sold by financial planners. The bank is projecting up to 33 per cent sales by financial planners for its new Accommodation Bond Loan (ABL) and Investment Property Mortgage (IMP) – compared to the industry norm of ... by Liam Egan - Money Management
25 March 2008

Reverse mortgage clients opting for fixed rates
Interest rate hikes are driving a trend among reverse mortgage clients on variable rates to fix their rate, according to ABN Amro head of reverse mortgages Martin Lynch. "In the two years to October 2007 we had had only two customers coming back to fix their loans, but since then we have ... by Liam Egan - Money Management
26 February 2008

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