Unlocking home equityA new way to fund retirement and aged care
Futureproof is a disrupter of banks, insurance carriers and regulated lenders in the retirement and aged care funding space. Positioned at the intersection of financial technology and product innovation, we provide financial institutions with a Product & Funding SaaS Platform that powers the next generation of mortgage-based financial products: ethical, low-risk and fiscally responsible.
Only around 30% of retirees are cash-rich and can access traditional annuities, guaranteed income streams and investment products.
The majority are asset-rich but cash-poor, with much of their wealth locked away in the family home. For these retirees, conventional options like reverse mortgages are simply not fit-for-purpose being far too complex, risky or costly and depleting home equity leaving borrowers with little long-term security and no legacy.
At Futureproof, we’re solving this 35 year product gap with smart, purpose-built new mortgage solutions that help retirees unlock the capital in their home with no equity depletion or sharing of property appreciation - delivering far better financial outcomes.
Introducing the
Equity Preservation Mortgage®
Futureproof’s Equity Preservation Mortgage® is a lower risk mortgage that monetises a retiree’s home equity in an entirely new way to meet their financial needs at every stage of life.
Our Equity Preservation Mortgage® is a fully insured long duration principal+interest mortgage that is index-linked.
Retirees receive tax-free annuity income, all loan costs are paid on their behalf and can terminate the mortgage loan at any time. All home wealth is preserved for future needs or to leave to the family.
At Futureproof, we are revolutionising the way home equity is accessed.
Problems we are solving
Retirement funding gap
Inter-generational unfairness
A growing wealth divide and a growing tax burden is creating inter-generational unfairness with a deteriorating dependency ratio of retirees to taxpayers. This is evidenced by declining rates of home ownership with the retiree’s children increasingly unable to enter the housing market, leaving them renters-for-life.
Unlike existing traditional equity release mortgage products, Futureproof’s Equity Preservation Mortgage® ensures the full inter-generational transfer of retiree home wealth, meaning original home equity and all capital appreciation on the home is preserved to pass onto the family.
Introducing the Futureproof Equity Preservation Mortgage®
What makes the Equity Preservation Mortgage® a better solution?
The Equity Preservation Mortgage® is designed to overcome the inherent defects of reverse mortgages.
For incumbents currently writing these traditional mortgage products, Futureproof is not the enemy- we are the tech and product enabler supporting them through our SaaS Product & Funding Platform to transition to Equity Release 2.0,with next generation product that delivers far better financial outcomes for borrowers, lenders and regulators.
Accessible only through Futureproof's SaaS Product and Funding Platform
White-labelled equity release mortgage solution
Available to financial institutions and regulated lenders Product catalogue for different EPM applications
Learn more
We aim to empower individuals of any age to monetise the up to 80% of their home equity to fund embedded products and bundled services for every life stage. With Futureproof, pre-retirees can use the Equity Preservation Mortgage® to supplement their superannuation or pension plans for a comfortable future retirement or even fund the purchase of a deferred annuity.
For retirees, we can help turn home capital into a steady stream of tax-free income to ensure financial stability in active retirement, or fund aging in-the-home care services or daily residential aged care fees.
The Equity Preservation Mortgage® is built to meet financial needs at every life stage.
We provide financial institutions including banks, insurance carriers and non-bank lenders with lower risk and nextgen mortgage products that can better meet the retirement and aged care funding needs of your aging customers, unconstrained by age and LVR or LTV limitations and with no negative equity risk, borrower serviceability risk and credit risk fully mitigated.
For Partners, Futureproof works only with preferred mortgage insurance, international reinsurance and capital markets partners in all key markets.
Find out more
If you are a financial institution, non-bank lender or regulated credit provider wanting to discuss potential partnership/distribution opportunities, reach out to us and we will contact you shortly. If you are customer complete the form to be kept up to date on when the Equity Preservation Mortgage® will be available in your region.
