Home Reversion Scheme
Get no obligation home reversion scheme quotes…
Want to boost your retirement income? You could try home reversion...
A home reversion scheme could give you a new lease of life by releasing cash from your home which can help to make your retirement more comfortable. 
A form of equity release, home reversion means that you sell part or all of your home to a reversion company, or to an individual sourced by a reversion company. So, you will no longer own your home, but can remain living there as a tenant for as long as you wish.
With a home reversion scheme you can:
- Have the money as a lump sum which you can invest to provide a regular income if required
- Top up your pension income
- Continue living in your home for the rest of your life
- Benefit from a rise in value of the property (if you still own part of it)
Fill in our simple, no obligation enquiry form and you can get:
- Friendly help and advice
- Access to top quality equity release schemes
- Specialist advice from qualified professionals
Equity release is usually available to those aged 50 or older. The property is sold when you die and either part or all of the profits go to the company or individual you sold it to, depending on whether or not you sold all or part of your home. You will usually get 35-60% less than market value for your home because the buyer won't be able to sell until you die or choose to move out.
Lifetime mortgages as from October 2004 are regulated by the Financial Services Authority. A lifetime mortgage is a loan secured on your home. The loan and interest are normally repaid from the proceeds of the sale of your home when you die or move into long term care. With a home reversion plan you sell all or part of your home for cash. However you do not get the full market return for doing so.
The above equity release mortgage detail is for information purposes only as does not constitute financial advice under the Financial Services and Markets Act 2000. When considering any type of equity release product, it is important that you seek independent legal advice.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.