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
Key Facts in Choosing a Home Reversion Scheme
Home reversion is a form of equity release scheme which allows you to continue living in your house while accessing the equity built into it, in the form of a lump sum. By undertaking a release of equity from your home is an important decision that has life changing implications, and as such, it is […]Read More
When is the Best Time to Apply For a Home Reversion Plan?
There are many factors to consider when applying for a home reversion plan. In order to understand the best time to apply for home reversion, it is necessary to understand how home reversion plans actually work. A home reversion plan is an equity release scheme that allows you to tap into the equity or value […]Read More
Is Home Reversion a Good Way to Pay Off My Debts?
Releasing equity from your home is an important decision, and as such, all care must be taken to understand the implications of any scheme or plan fully before signing up for it. Equity release plans are generally near impossible to undo once you have signed the contract, so it is important not to rush into […]Read More
What Type of People Are Home Reversion Schemes Most Suitable for?
We know that when retirement eventually dawns on us, that most will still have some baggage to carry into their golden years. This could be by way of a mortgage or secured loan, which once income drops in retirement, may affect their future affordability. This is just one of the categories of people that equity […]Read More
Are Home Reversions Misunderstood?
There are two types of equity release schemes: home reversion plans and lifetime mortgages. While lifetime mortgages have soared in popularity in recent years, the demand for home reversion plans seems to have steadily declined. While home reversion, like any other financial scheme has some disadvantages, it also has some redeeming qualities. The main feature […]Read More
Is There an Enhanced Home Reversion Scheme?
An enhanced lifetime mortgage scheme is designed especially for clients who have a shorter than average life expectancy due to a chronic illness or lifestyle choices. A shorter term of loan allows the provider to lend or release a higher than normal or enhanced amount. Although there are no ‘enhanced’ home reversion plans available, and […]Read More
Why Don’t I Receive the Full Market Value of My Property With a Home Reversion?
Home reversion offers a solution for those who do not want to sell their house and move out, but want to access the value built into their home all the same. It creates a way to transfer ownership of the house in part or full, in exchange for a cash lump sum. This lump sum […]Read More
The Dangers of a Home Reversion Plan
Home reversion is a type of equity release, but unlike lifetime mortgages which are loans, home reversion plans involve selling a percentage of your house to the plan provider in exchange for a cash lump sum. The demand for home reversion plans seems to have declined in recent times, and this may be due to […]Read More