Unlock Equity
With A Modern Reverse Mortgage
An Australian first, access your home equity on your terms with Midkey.
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Meet Midkey
A modern alternative to traditional reverse mortgages
For many Australians, the family home is their biggest asset. When retirement plans shift or expenses pop up, accessing equity without selling becomes a priority.
Traditional reverse mortgages have long filled this gap, but their compounding interest, age restrictions and rigid borrowing rules can limit flexibility.
That’s where Midkey is different.
Midkey vs traditional reverse mortgages
Discover the differences between a traditional reverse mortgage and a Midkey loan
Traditional
reverse
mortgage
Loan-to-Value Ratio
(LVR)
Maximum LVR of up to 35%
LVRs typically start at around 20% at age 60 and increase by 1% each year
Interest
Simple interest only
Use compound interest and typically charge a higher interest rate
Eligibility
Available to any borrowers 18+
Generally available to borrowers aged 60+
Loan Type
Can be structured as a first or second mortgage, depending on the borrower’s circumstances
Typically structured as a first mortgage
Deferral Fee
Includes a Deferral Fee, calculated as a share of any increase in the property’s Agreed Initial Value
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Drawdown Flexibility
Initial lump sum only
Ability to flexibly drawdown
Information is provided for general comparison purposes only and does not take into account individual circumstances. Loan terms, interest rates, fees and eligibility criteria vary by lender and are subject to change. This information does not constitute financial advice.
See if Midkey is right for you
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Property Type
Owner-occupied house
Investment house
Apartments
Apartments/units must be in a complex of no greater than 20, be more than 12 months old, and have a minimum internal floor space of 50sqm.
Sufficient Equity
You must have at least 20% usable equity in your owner-occupied house, or 25% for an investment house or apartment.
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Type of Home Loan
If you have an existing mortgage, it must be a standard ‘principal plus interest’ home loan.
Australian Citizenship
You are an Australian citizen over the age of 18.
Final Approval
Your application is subject to Midkey’s loan assessment and final approval.
What makes Midkey better?
Not all loans are created equal. Explore how Midkey offers a smarter, more flexible way to unlock your home’s value.
Traditional Home Mortgage
Reverse Mortgage
Unregulated Loans
Bridging
Loans
No monthly payments
Looks at more than just your income
Long/no loan term
Available in addition to an existing mortgage
Welcomes a broad range of borrowers (18+)
Simple* accruing interest
Cheaper loan option
*Click here to learn more about ‘simple vs compounding’ interest.
Availability depends on lender and loan terms.
Trusted by borrowers
across Australia
Hear from Australians who made the Midkey move. Check out our latest reviews.
“The birth of your product has, without debt, given me a new lease on life and opportunity for myself and my kids. I can pay the school fees, renovate the way I want to, and see the house to pay back the loan.”
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Cheryl (52)
Coogee
“By using my Midkey to pay off some of my existing mortgage, I have reduced the monthly payments by more than 50% so now I feel less constrained, freer.”
Mark (37)
Kellyville
“My only other option was to sell and downsize, but I hadn’t planned to do that for another five to ten years. Without Midkey I would have lost my life as it was.”
Dianna (68)
Mittagong
“I admit I was sceptical at first, but then I looked online and did my research to understand the model, and it made sense.”
Glenn (48)
North Epping
“Our dream of giving our eldest daughter a lump sum towards her deposit has come true. Instead of buying a one-bedroom apartment, now she can buy a three-bedroom house in a better suburb.”
Elizabeth (60)
Brisbane
Frequently asked questions
Take a look at the most commonly asked questions.
What is a reverse mortgage?
How is a Midkey loan different from a traditional home loan?
Does a Midkey loan contain a no-negative equity guarantee?
Who is Midkey suitable for?
It’s simple. We’re here to help, whenever you’re ready.
Take your time, we’ll be here with helpful tools whenever you’re ready to act.
Or call us on 1300 643 539. No pressure, just help.
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