Thinking About Using Home Reversion to Pay for Your Care?
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 […]Read More
Bridgewaters Flexible Release Plan: Two Home Reversion Plans on a Theme
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 […]Read More
Set Up Costs Involved in a Home Reversion Application
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 […]Read More
Are There Any Early Repayment Charges on Home Reversion Plans?
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 […]Read More
A Closer Look at the Bridgewater Flexible Release plan
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 […]Read More
Which Equity Release Scheme Will Release the Most: Home Reversion or Lifetime Mortgage?
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 […]Read More