What is a Home Reversion Scheme?
Home reversion schemes involve selling a part of your home in exchange for an immediate cash lump sum.
You retain the right to live in your home until your death, at which time the home reversion company will take their share of the proceeds from the sale of your home.
Advantages of Home Reversion Schemes
With home reversion schemes, you retain the right to live in your home for the remainder of your life. There is no need to move home.
Also, if you sell part of your home now, under a home reversion scheme, you may still be able to sell a further share of your home in future to raise additional cash when you need it.
Disadvantages of Home Reversion Schemes
Although you will retain the right to remain in your home until death, you will be required to maintain your home to a reasonable standard.
Interested?
If you wish to find out more about home reversion schemes, then complete the following form and we will arrange for a qualified professional to call you to discuss your next move
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