Equity Release
April 15th, 2010
Home reversion plans offer a release of cash by selling all or part of your home to a reversion provider. The amount received will depend on the value of your property in the market. A percentage is taken from the full market value and will be converted to a lump sum, which you can use for your spending pleasure.
On the other hand, you’ll have take into consideration the long-term effects of getting a home reversion plan. If you plan to buy back the share of your property in the future, the heads up for you will be the price because you’ll have to pay the full market share.