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Home Reversion Plans

Age Partnership are independent mortgage equity release specialists with a wide range of plans to suit older homeowners. Home reversion plans tend to be less popular than lifetime mortgages because the owner gives up part or full ownership of their home in exchange for cash. However, you retain the right to live in the house for as long as you live without any monthly repayments.

Age Partnership promises total peace of mind with all its mortgage equity release plans. At the completion of sale you'll receive an agreement, which legally guarantees that you can continue to live in your home rent-free for as long as you decide. This could be for the rest of your life, or until you move out of the property in later life. For example, you might decide to leave your home because you're finding it difficult to cope physically and need to move into a nursing or residential home.

If there are two of you living in the house, your entitlement to live there rent-free for as long as you wish will apply until the surviving partner moves out of the home. As with all mortgage equity release plans, we recommend that you talk to an Age Partnership advisor to look at all the options available before deciding if a home reversion plan is for you.

Receive a cash lump sum through mortgage equity release

A home reversion plan has the benefit of no monthly payments. You can also benefit from any future house price rises for the proportion of the property you still own. Our mortgage equity release specialists understand the intricacies of the schemes on offer and can make the most of the benefit that you gain from releasing the cash tied up in your home.

Leave a guaranteed inheritance to your loved ones

If you don't want to give up all of your property, you can choose to release just part of the equity tied up in your home and continue to own the part you have not sold. In this instance when the property is eventually sold you will have left a percentage of the sale proceeds to your loved ones. You will know at the outset what share of your home you are leaving to loved ones in your estate.

Find the latest on our home reversion plans and for all the latest mortgage release equity news visit our website at www.agepartnership.co.uk.

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