Our Service

Good reasons to use Later Life Finance

Later Life Finance specialises in helping homeowners 60 years and over solve financial worries and create peace of mind.  Later Life Finance has been created as a specialised brand of Select Financial Services.  Its founding director Carol Shapley  has been helping people with their mortgage finance needs since 2002.

As your specialist consultants, we offer choice in reverse mortgage loans, convenience and my expertise. We save you the time and energy in finding the most suitable loan benefiting you for years to come. We take out all the stress and worry and deal with the lenders on your behalf.

Everyone’s situation is unique and our mission is to implement responsible credit advice with a view to a long term financial strategy which eliminates debt, provides additional income for living expenses and eventual aged care needs. If a Reverse Mortgage loan is not suitable for you, we will tell you.

We do not charge a fee for our service for loan applications of $50,000 or  more.  For loans less than $50,000 we have a flat fee of $300.

What do we do?

Each customer is special and has unique needs that demand personal attention. After assessing your needs, we check available loans from a variety of lenders on our panel of lenders and seek out a loan package which best suits your needs. We save you the time and energy in comparing loans from a range of lenders, obtaining information about interest rates, fees and costs. We simplify the process from application through to settlement, keeping you fully informed on the progress so that your application process remains a pleasant experience.


Select Financial Services (NSW) Pty Ltd, trading as Later Life Finance, is an accredited credit representative (CRN366289) and  Carol Shapley is an accredited credit representative (CRN366082) of BLSSA Pty Ltd (ACL 391237).   As an accredited member of the Mortgage and Finance Association of Australia (MFAA), we are bound by a Code of Conduct which governs the ethics of its members which includes lenders and brokers. Carol holds a Diploma of Financial Services (Mortgage Management) and a Diploma of Financial Planning.


In most circumstances, we do not charge you for our services. Our advice to you is free. We are paid a commission by the lender after the loan settles.  We do charge a fee of $300 for loans less than $50,000. In these circumstances we will provide you with a written quote requiring your acceptance before proceeding. Generally lenders will also pay a ‘trail’ on the loan for continuing to be your first point of contact with any enquiries you may have and for ongoing service. This includes any changes you may require such as topping up your loan.


In offering you my service, I am bound by the National Consumer Credit Protection legislation.  Read more on ASIC’s MoneySmart website here.


Full Member of the Mortgage and Finance Association of Australia (MFAA).
Credit Ombudsman Service (COSL)
Seniors Equity Association of Lenders (SEQUAL) (ceased March 2017)


Carol Shapley
Dip of Financial Services (Mortgage Management)
Dip of Financial Planning