Home reversion schemes

A home reversion scheme is a type of equity release scheme whereby you sell a proportion of the value of your home in return for a cash lump sum or an income. 

You can live in your home for the rest of your life, but you will no longer be the sole owner and some providers may insist that you pay rent.

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Two pensioners

Average Brit retires on an income below the minimum wage

With an average pension income of just £8,774, new retirees can expect their income to drop by two thirds upon leaving the workplace, says LV=.


Household names expected to enter equity release market

A number of new lenders are expected to enter the equity release market this year according to a panel of equity release experts.


Pensioners own property worth well over £750bn

Retired homeowners have total property wealth owned outright of £756.36bn, according to new research from equity release adviser Key Retirement Solutions.


Equity release market growing strongly

The amount of money lent to older homeowners in the equity release market grew by 11% in the third quarter of 2012.


House prices down, mortgage approvals up

Average UK property prices fell by 0.7% in October, according to the latest Halifax House Price Index.


Property prices drop 0.2% in October

UK house prices retreated at a 0.2% month-on-month pace during October and by another 0.4% versus the same month a year ago, according to the latest data out from Hometrack.

Age UK teach older people computer skills

Equity release to be fully advised

After the Mortgage Market review is implemented in April 2014, all equity release customers will have to be advised.


Tougher rules on mortgage lending to be introduced in 2014

The Financial Services Authority (FSA) has confirmed that it will introduce rules designed to prevent irresponsible mortgage lending in its Mortgage Market Review.

Internet is consumers' first port of call for mortgage advice

Consumers are increasingly turning to the internet to research mortgage products, according to Legal & General's mortgage mood survey.


Case study – Home reversion plans

Patricia Davies, 77, had previously looked into home reversion plans but was unsure about taking one out.


Case study – Lifetime mortgages

Patricia Russell, 77, and husband Cyril Russell, 84, are retired teachers.


Equity release: buyer beware

Equity release may not be the right option for everyone, so consider carefully whether it is right for you.

Age UK teach older people computer skills

Home reversion schemes

Home reversion schemes are an alternative method of releasing equity from your property to help finance you in retirement.


Equity release

More and more older people are turning to equity release mortgages to enable them to free up some of the value in their properties.

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Equity release market grows 26% in H1

Equity released by homeowners rose by 26% to £641.8m in H1 2014 compared to the same period last year, analysis from provider Key Retirement Solutions has shown.

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