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.
Andrew D
Thoroughly recommend Paul and the team
My partner Caroline and I recently bought our first home, and we really cannot overstate how helpful and reassuring Pembroke were throughout the whole process. Without Paul and Julie, our contacts at Pembroke, we probably wouldn’t be moving at all. Paul got straight on the phone with us at the start of the process, managed to explain each step in a really informative yet simple way, and was extremely patient with our various ‘first-time buyer’ questions and emails. Paul found some great mortgage deals for us, explained the pros and cons of each element (like the length of our fixed-rate term), and gave sound advice that made us feel comfortable and prepared. We would thoroughly, thoroughly recommend Paul and the team at Pembroke to anybody, especially to first-time homebuyers.
Courtney Guy
Would highly recommend!
Paul and the whole team at Pembroke were so friendly and helpful throughout the purchase of our first property. Paul was happy to answer all my questions and explain the process which was great as it can be confusing when you are a first time buyer. Would highly recommend! Thank you Pembroke Financial Services!
