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
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
Is Home Reversion a Type of Equity Release Scheme?
Home reversion schemes requires the owner to sell part or all of their property. The capital given in this scheme can be a greater lump sum offered by their counterparts – the lifetime mortgage. It is a common misconception that the property is valued at lower than normal. However, the valuation should be undertaken & […]Read More