What is a Home Reversion Plan?

 

A form of equity release scheme by which you sell all or part of your home to a private company known as a “reversion company” or group of individual investors in return for a cash lump sum, an income or both. You can remain in the house rent-free or for a nominal monthly rent, for the rest of your life. When the property is sold, usually after your death or when you move into alternative accommodation, the reversioner receives some or all of the proceeds of sale, depending on the share of the property you sold to them.

 

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