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By: Staff Reporter
Liberty Financial has expanded its lending portfolio, adding a new care product to its suite.
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The new product is a funding alternative which is specifically designed to assist those borrowers wishing to finance an accommodation bond to enable them to move in to an approved aged care facility, by accessing some of the equity in their own home.
“Making the decision to move from your home in to aged care is a difficult and stressful one,” Liberty Financial’s general manager of personal business Kendall Mahnken said.
“Care eases the burden by providing a fast-turnaround financing solution whilst allowing the borrower and their family time to consider their options.”
The product has an interest rate of 8.50 per cent, and a maximum LVR of 40 per cent.
