Home Reversion Plans
With Home Reversion schemes you sell your home, in whole or in part, to an investment or home reversion company which will provide you with a cash payment or a life time income.
The investment company takes legal ownership of your home with any unsold portions placed in trust. You can then usually remain in your home rent free for the rest of your life.
After your death, the property is sold with the proceeds going to the reversion company and any unsold portion going to your heirs.
Advantages
- You can release fixed proportions at regular intervals if required in the future, should your circumstances change.
Disadvantagaes
- You become a tenant in your home.
- Early repayment charges may apply if you wish to repay the loan early.
- Any increase in your house price only applies to the portion you still own.
Cestria Capital offer financial advice on a range of products, including home reversion schemes, that will suit your individual circumstances. Contact us now for professional advice on a range of equity release solutions.
This is a home reversion plan. To understand the features and risks, ask for a personalised illustration.