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 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