The Pension Loan Scheme is a little know Equity Release solution that many how need it most do not qualify. Not available for full pensioners some part-pensioners and even self funded retirees to access equity in their homes as regular payments only up to a maximum of the full pension payment amount. As quoted from an article written by John Collett for the Sydney Morning Herald the scheme is flawed and is just for the wealthy. This may be a good option for those that only receive part pensions or do not qualify for the pension due to either the means test or the asset test but not both. The pension loan scheme offers fixed rates generally lower than most reverse mortgage lenders.
