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 MoreDoes a Home Reversion Scheme Force Me to Sell 100 Percent of my House?
The two common misconceptions about home reversion schemes are that you are required to sell 100% of your property to the loan provider, and second, that you cannot release the full amount of equity from your house. Both of these are false. It is not mandatory to exchange 100% of your house to the equity […]
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