Home Reversion Plans

Home Reversion Plans
A Home Reversion Plan is another type of equity release product which offers a way to sell part of your home in return for a tax-free lump sum or regular income with a ‘lifetime lease’. A ‘lifetime lease’ ensures the individual can stay in their property until they die or go into long-term care.

You can generally release a larger amount of capital from a Home Reversion Plan than a Lifetime Mortgage. The reason for this is they are not loans and so there is no interest to pay. However, if there is an increase in the value of your property, you will only benefit from the increase in the proportion of the property you still own.

What Is Equity Release
If you are a homeowner aged 55 or over and would like to raise additional funds, equity release could be the solution for you.

You can access the equity in your home as tax-free cash without having to sell or downsize. There’s no restrictions on how you spend your money, offering the financial freedom to make the most of your later-life.

There are many different structures and products to choose from, which is why it is essential to discuss your objectives with a qualified adviser.