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Archive for the ‘Home Reversion’ Category

Where can I find a Home Reversion Calculator?

Published on August 14th, 2014 by Mark Greg.

Home reversion used to be the most sought after product on the market. This has changed in the last decade, making lifetime mortgages more popular. They became more innovative in design and flexibility, plus the former Financial Services Authority (now Financial Conduct Authority) started regulating the retirement mortgage industry more. It meant several companies needed […]

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Thinking About Using Home Reversion to Pay for Your Care?

Published on September 26th, 2013 by Mark Greg.

While a house can be a huge financial asset, it can only practically be a financial asset when it is turned into usable cash. It is common for people to own a home worth many thousands of pounds, but have insufficient cash flow in day-to-day life, or not have enough savings to meet large one […]

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Fact Is Home Reversion Occupies Less Than 1% of the Equity Release Market

Published on September 26th, 2013 by Mark Greg.

Home reversion plans UK have unfortunately seen a steady decline in popularity recently. Similar to many businesses who have seen their demise recently due to changing consumer shopping habits, home reversion has seen a similar fate for the same reasons. When the likes of Blockbuster, HMV and Jessops has gone into administration, analysis shows that […]

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All About the Newlife Mortgages Home Reversion Plans

Published on September 26th, 2013 by Mark Greg.

Newlife is one of the three providers of home reversion plans currently available on the market. Newlife’s home reversion plan offers two options – Newlife Optimum Home Reversion Plan and Newlife Options Home Reversion Plan. The plan is designed for people who want to sell a portion of or their entire home in exchange for […]

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Bridgewaters Flexible Release Plan: Two Home Reversion Plans on a Theme

Published on September 26th, 2013 by Mark Greg.

Bridgewater’s Flexible Release Plan is currently the most flexible home reversion plan available on the market. It is designed to suit a range of customers, and offers attractive features such as high house price inflation protection and early vacancy guarantee that are not offered by its current competitors. The Flexible Release Plan consists of two […]

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Set Up Costs Involved in a Home Reversion Application

Published on September 26th, 2013 by Mark Greg.

Setting up an equity release plan involves certain costs that must be considered when applying for a plan. Different providers charge different amounts as fees, so the actual amount will vary as per the chosen plan, but following is the list of expenses involved in setting up a home reversion application. Arrangement Fee to the […]

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Are There Any Early Repayment Charges on Home Reversion Plans?

Published on September 26th, 2013 by Mark Greg.

One aspect of equity release schemes that consumers still have some reticence about is the level of potential early repayment charges. The size of the penalty will be determined by the lender initially selected, the size of the equity release loan and the time period it is redeemed from inception. The amount paid by the […]

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Does the Equity Release Council Still Protect Home Reversion Plans After The Rebranding of SHIP?

Published on September 26th, 2013 by Mark Greg.

Lifetime mortgage plans have become very popular in recent years, when people are looking for flexible and innovative solutions to enable them to maximise their financial assets and plan effectively for retirement. As the demand and use of these products has increased, they have been brought increasingly into the realm of mainstream finance and become […]

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A Closer Look at the Bridgewater Flexible Release plan

Published on September 26th, 2013 by Mark Greg.

There are currently three equity release providers offering home reversion plans. They are Hodge Lifetime’s Shared Growth Option, Newlife Mortgages’ Home Reversion Plan and Bridgewater’s Flexible Release Plan. Currently, Bridgewater’s Flexible Release Plan is the most flexible home reversion available. Bridgewater is a subsidiary of Grainger plc. The company has been operating in the home […]

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Which Equity Release Scheme Will Release the Most: Home Reversion or Lifetime Mortgage?

Published on September 26th, 2013 by Mark Greg.

Deciding which equity release scheme works best for you, depends on your individual needs and circumstances. There are no fixed rules as to which type of equity release is better than the other, as what works for one person may not work as well for someone else. For instance, protecting the equity in a home […]

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