Home Reversion Plan
What is a Home Reversion Plan
A Home Reversion Plan involves you selling part or all of your property in return for a cash lump sum and the right to remain in your property rent free until you die (or the death of the second owner if it is a joint application) or if you move into long-term care or sheltered accommodation.
Unlike a Lifetime Mortgage the money you receive is not a loan so you pay no interest on it. The reversion provider owns a proportion of your property and takes their share of the sale proceeds when the property is eventually sold.
