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Opening Hours

  • Monday - Thursday

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  • 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

Home reversion plans

Home reversion plans operate in an entirely different way to lifetime mortgages. You sell all or part of your property to the reversion company in exchange for a cash lump sum.

What is a home reversion plan?

  • 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's no worry over interest rates, as your share will never change unless you decide to sell more of your home to the reversion company
  • You can spend the money you release in a variety of ways

How do home reversion plans work?

Unlike with a lifetime mortgage, the most popular form of equity release, a home reversion plan involves you selling all or part of your home to a reversion company for lower than market rate. You need to be 65 or over to qualify, there’s 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, or the last remaining applicant passes away or moves 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 your home, you have the right to remain in it rent-free for the rest of your life.

Find out more from the experts

Our fully-qualified equity release advisers take the time to understand you and discuss your options. If they don’t think equity release is right for you, they’ll tell you. Arrange a free, no obligation consultation with your local equity release adviser

Things to consider

  • Although you don’t pay rent, you no longer own your home
  • Your estate will miss out on any house price growth of the share sold to the reversion company
  • With a home reversion plan, a percentage, or all of your home is sold for less than the market value
  • It can be difficult to reverse the deal once it's been made, as you are selling part of your property
  • A home reversion plan will reduce the value of your estate and may affect your entitlement to means-tested benefits
  • If you are considering equity release we recommend that you read through is it right for you? carefully
Page last updated: Wednesday 05 January 2022