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Home Reversion Plans

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Home Reversion Plans are technically sale and lease agreements and are currently available to the over 65s.

Home Reversion differs significantly from a Lifetime Mortgage in that there are no interest rates and the loan amount does not increase over time. It allows you to exchange the ownership of some or all of your property for a cash lump sum – and the right to stay in your property for the rest of your life.  This is also known as a ‘lifetime lease’.  There are no monthly repayments, and the cash you release can be spent in any way you choose.

Our advisers are regulated by the Financial Conduct Authority and plans are offered with a ‘no negative equity’ guarantee in place for your peace of mind.  There’s even the option to protect a part of your property’s value, allowing you to leave something behind for beneficiaries if you choose.

While some opt to use the money released through a Home Reversion plan to support themselves and their families throughout their retirement, others might put into action those long-awaited home improvements or holidays they’ve always dreamed of taking.

It’s important to remember that taking out a Home Reversion plan means you will generally receive an amount for your property that is lower than its market value.

Please also bear in mind, releasing equity will reduce any inheritance for your loved ones and may affect your entitlement to means-tested state benefits.

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