This is a home reversion plan. To understand the features and risks, ask for a personalised illustration

 

Home Reversion Plan

Another way A Home Reversion Scheme involves selling your home or part of it to a private company called a reversion company. However, when you sell your home, you do not receive the full market value. This is because the reversion company gives you the right to live in your home for the rest of your life. In some cases, the cash sum from the sale could be 40% or less of the property value, it will rarely be over 60%, even for people over 80.

When the property is sold, usually on death, the reversion company receives the proceeds from the sale depending on the share of your home that you sold. For example, if you sold a 50% share of your home, the reversion company receives 50% of the proceeds when it is sold.

Important Notes