Home Reversion Schemes
This involves selling a percentage of a property to a reversion company for a fixed amount.
Homeowners will receive a certain amount of the value of the property sold depending on their age. When the property is sold, the reversion company receives the same percentage of the sale proceeds, which was originally borrowed against the value of the home.
To understand the features and risks of a Reversion scheme, it’s best to ask for a personalised illustration.
Equity release reduces the value of your estate and may effect any means-tested benefits you are eligible for. A lifetime mortgage, which is a loan secured against your home, is the most popular form of equity release and you will still own your home. Think carefully before releasing equity and make sure it is right for you.
Ms Rees, London
Brilliant working with you
Jill, it’s been brilliant working with you on obtaining a mortgage. You have been really proactive and supportive in organising it, and liaising with the various bodies involved. Thank you so much
