Home Reversion Plans
A home reversion plan involves selling a percentage of a property to a reversion company for a fixed amount. In some cases this is easier to explain. Homeowners will receive a certain amount of the value of the property sold depending on their age. When the property is sold, the reversion company receives the same percentage of the sales proceeds, which was originally borrowed against the value of the home. These are the oldest forms of Equity Release dating back to the 1960s.
As Independent Mortgage Brokers we give you the choice of paying no broker fees at all or pay an upfront fee of £1,000 and have all commission refunded to you on completion of the mortgage.
This is a Home Reversion Scheme. To understand the features and risks, ask for a Personalised illustration.