With a Home Reversion Plan you sell part, or all, of your home to our reversion provider. They pay out a lump sum at the start of the plan. However, because the money is provided upfront and you continue to benefit from living in your home, you will get less than the full market valuation of the property. When you end the plan, die or go into long-term care, the reversion provider will sell the property, take their share of the money and pay the balance, if any, to you or your estate.

If you choose to take out a lifetime mortgage the value you have in your property will reduce over time possibly to nothing. With a reversion plan the proportion of the value of your property you keep will immediately be reduced. Therefore, in both cases, you will reduce the amount of any inheritance you leave.

Lifetime Mortgages

With a Lifetime Mortgage the loan and interest are repaid by the sale of your property when you die or go into long-term care. The interest charged throughout the term is calculated on the total of the amount borrowed and the interest already added, which quickly increases the amount you owe.

For further details please speak to a member of our dedicated team on 0845 257 9302 who will be happy to assist.

What is Equity Release?

Most people's biggest asset is their home. The average house price in the UK has risen significantly over the last 20 years.

Put simply, equity release is a way of releasing some cash from your home without having to move. Two of the most common ways to release cash and remain in the home are:

There are no monthly repayments.