Thinking About Using Home Reversion to Pay for Your Care?
While a house can be a huge financial asset, it can only practically be a financial asset when it is turned into usable cash. It is common for people to own a home worth many thousands of pounds, but have insufficient cash flow in day-to-day life, or not have enough savings to meet large one […]
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 MoreA 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 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 MoreIs 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 MoreAre 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 MoreIs 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 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 MoreWhat are the Main Features of an Home Reversion Equity Release?
Home reversion plans are equity release schemes that essentially allow you to release some or all of the equity tied into your house without the need to sell the house or move out. As such, you can release equity as a lump sum or as regular monthly payments while continuing to live in the house […]
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