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
We know that when retirement eventually dawns on us, that most will still have some baggage to carry into their golden years. This could be by way of a mortgage or secured loan, which once income drops in retirement, may affect their future affordability. This is just one of the categories of people that equity […]Read More
Home Reversion Schemes – Why Am I Still Responsible for the Maintenance of my House if I No Longer Own it?
Home reversion plans come with certain caveats which potential applicants should be aware of before committing a lifetime to them. In essence, with a home reversion scheme, you sell a percentage value of your property to a home reversion provider in exchange for tax free cash. Because home reversion plans do not involve taking out […]Read More
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
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
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 […]Read More
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