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
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
Home Reversion Explained
An obvious, albeit difficult way to release the equity in your property is to sell it and move out, and equity release offers a more convenient alternative to this. Home reversion is a type of equity release, but unlike lifetime mortgages, it does not involve taking a loan out against the property. Home reversion involves […]Read More
Where Can I Find a Home Reversion Calculator?
We have seen a decline in the Home reversion market in recent years. While equity release in general seems to be a rising trend, home reversion has not seen a similar surge in popularity. This may be due to the fact that a number of more flexible plans and schemes are now available on the […]Read More