Home Reversion Plans
A home reversion plan involves selling a percentage of a property to a reversion company for a fixed amount. In some cases this is easier to explain. Homeowners will receive a certain amount of the value of the property sold depending on their age. When the property is sold, the reversion company receives the same percentage of the sales proceeds, which was originally borrowed against the value of the home. These are the oldest forms of Equity Release dating back to the 1960s.
We usually charge a fee of £595 per mortgage case arranged. Fees are payable upon completion. All fees will be discussed and agreed at outset. We will also be paid a commission from the company that buys your home.
This is a Home Reversion Scheme. To understand the features and risks, ask for a Personalised illustration.