16. Exit Strategy

All applicants 45 years or older must have a suitable exit strategy and planned retirement age, with the following criteria applicable:

• For owner occupied properties, assume a retirement age of 70 years for earned income.
• Exit strategies need to be applicable from the planned or assumed age of retirement.
• Exit strategies must not be applicable within 5 years of settlement.
• Borrower age must not exceed 90 years at the expiry of the loan.