What Type of People Are Home Reversion Schemes Most Suitable for?
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
Why are Home Reversion Plans Less Popular than Interest Only Lifetime Mortgages?
Home reversion plans have seen a marked decline in popularity in recent times. This could be due to a variety of factors, not least because newer, more flexible equity release solutions such as interest only lifetime mortgages are now available. Home reversion plans were much more popular when the only alternative in the equity release […]Read More
Can Negative Equity Exist with a Home Reversion Scheme?
One of the most significant concerns that people have with equity release schemes is that compounding interest on the loan can increase the debt to a point where the sale value of the house is not sufficient to repay the debt. A situation wherein the debt is larger than the value of the home, so […]Read More