The amount you will be able to receive will vary of a range of factors such as your age, your health condition and the value of your property. In most cases you can release between 25% and 100% of your home’s value as a one of cash sum or as regular payments over a period of time. Our equity release experts will be able to provide you with an accurate quote and full details of the costs of the plan and how it works in further detail.
With a home reversion plan you can continue to treat and live in your home as you would have done normally. The plan provider will grant you a lifetime lease which will guarantee that you can continue to live in your home rent free for the rest of your life as long it remains your main residence. At the end of the scheme your property will be sold and the sale proceeds will be divided as per the ownership percentage split the scheme arrangement.