Bluestone’s EQUITYtap Reverse Mortgage has been awarded Gold for Best Reverse Mortgage (Non-bank category) in Money Magazine’s Best of the Best awards 2008. The award is the third consecutive Money Magazine recognition following Bluestone's Gold in 2006 and Silver in 2007.
Bluestone's innovative EQUITYtap Reverse Mortgage allows Australian property owners aged over 60, who have owner-occupied and residential investment properties, to be able to access additional funds in retirement.
The award recognised EQUITYtap’s product features and was ranked by point scoring, taking into consideration product features and rates.
In acknowledging this latest award Peter McGuinness, CEO Bluestone Equity Release said, “The Money Magazine award tops off a very successful year for EQUITYtap, during which it has become Australia’s most-awarded Reverse Mortgage. "This award, combined with the 5-star Cannex rating and industry awards EQUITYtap has received this year, is an acknowledgment of the extensive research Bluestone has carried out into the needs of Australia's ageing population, many of whom are using property to contribute to their day to day funds."Having received feedback from over 10,000 retirees who have enquired of its product, Bluestone has developed its Reverse Mortgage to deliver long term protection to consumers and financial stability with the support of Barclays bank. These are ingredients that Retirees look for with a product as important as Reverse Mortgages," Mr McGuinness said.
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