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 MoreAre 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 MoreKey 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 MoreWhen 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 MoreThe 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 MoreCan I Move if I’ve Exchanged Part of My House With a Home Reversion?
There is a short answer to this question, and a more involved answer. The short answer to this question is yes, it is possible to move to a different house if you have a home reversion plan on your current home. However, the actual feasibility of moving house will depend on the individual case as […]
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