Cash-poor, property owning retirees will soon be able to apply for the Federal government’s expanded Pension Loan Scheme – a “reverse mortgage” in which borrowed cash can be repaid out of the proceeds of an eventual sale of a property. From July 1, the expanded scheme will be available to almost anyone who owns property outright and is of age pension age, or has a partner of age pension age, including those who are not picking up any age pension – well over a million people. To read the entire article by John Collett in the Sydney Morning Herald, please click here.