Posts tagged ‘Home Reversion Plans’
Equity Release
The introduction of the home reversion plans into the regulatory regime may virtually cover the whole market. It has become a better alternative for most people when it comes to equity release products. As opposed to the other equity release method, being lifetime mortgages.
A home reversion plan permits you to cash in a percentage of the value of your property. This is due to giving a share, whether partial or whole, of home ownership to the company provider. However, the plan usually expires upon death in which full ownership will be given to the company. This you may want to consider.