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Opening Hours

  • Monday - Thursday

    9:00am - 8:00pm

  • Friday

    9:00am - 5:30pm

  • Saturday

    9:00am - 5:00pm

  • Sunday

    Closed All Day

Our Address

Key, Baines House,

4 Midgery Court, Fulwood,

Preston, PR2 9ZH


0800 531 6027

What is home reversion?

  • You'll need to be aged 65 or over to qualify
  • These plans are simple for the purposes of inheritance planning, as you’ll know exactly what proportion of your property you’re able to leave as inheritance
  • Your share of the property will benefit from house price increases
  • There is no worry over interest rates, as your share will never change unless you decide to sell more of your home
  • The money can be used for any purpose and can cover specific expenses such as home improvements or to pay university fees

How do home reversion schemes work?

A lifetime mortgage is the most popular kind of equity release but there is another plan available called home reversion, which operates in an entirely different way. You need to be 65 or over to qualify, and instead of the property remaining 100% in your name, you sell all or part of your property to a reversion company in exchange for a cash lump sum, with no interest to pay on the money released, and no monthly payments to make. When the plan comes to an end, the home reversion provider takes its percentage share of the sale proceeds.

For example, if you sold half of your property to the reversion company, when you pass away or move into long-term care the money from the sale of your home would be split 50:50 between them and your estate.

Live in your home rent-free

Even though you will no longer own all, or part of your house, you have the right to remain in your own home rent-free for the rest of your life.

Things to consider

  • Although you don’t pay rent, you no longer own 100% of your home
  • Your estate will miss out on some share of any house price growth
  • The percentage of your home is sold for less than the market value
  • It can be difficult to reverse the deal once it has been made, as you are selling part of your home
  • A home reversion plan will reduce the value of your estate and may affect your entitlement to state benefits
  • If you pass away soon after taking out the plan, you have effectively sold your property cheaply. However some plans have provisions in place so that you are protected
  • If you are considering equity release we recommend that you read through is it right for you? carefully.

Find out more from the experts

Our advisers explore all of your options with you. If they don’t think equity release is right for you, they’ll tell you! Book a free consultation with your local adviser.
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We debunk common equity release myths and explain why they should be a thing of the past; test your knowledge with our quick fire quiz!