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.
Our Fees
Generally we do not charge a fee.
We will only charge a fee if we recommed a direct to lender mortgage product. The maximum fee we will charge is £395, typically the fee will be £295 but the exact amount will be discussed and agreed at our initial meeting and confirmed in a separate fee agreement.
This is a Home Reversion Scheme. To understand the features and risks, ask for a Personalised illustration.