Home Reversion Plan

A home reversion scheme works by you selling all, or part, of your property at less than its market value in return for tax-free lump sum — a regular income or both.

Equity release will reduce the value of your estate and can affect your eligibility for means-tested benefits.

Your home may be repossessed if you do not keep up repayments on your mortgage.

The benefits of an Equity Release Plan

Most plans now feature much more flexibility than in the past. Here are just some of the features:

You may continue to own your home so you will benefit fully from any future increase in its value. There are also guarantees with some plans to make sure you never pass on any debt, or ‘negative equity’, in your estate — simply choose a plan that has an option to be ‘portable’ (so you can move home in the future).

A home reversion scheme works by you selling all, or part, of your property at less than its market value in return for tax-free lump sum a regular income or both.

The amount you could raise is dependent on your age, health, and the value of your property.