Essex Equity Release Advice Centre
Home Reversion Schemes entail you selling either all or part of your property to a third party.
Unlike Lifetime Mortgages, this means that you will therefore give up all or part of the ownership of the home to this company, who will guarantee lifelong, rent free, occupation.
Home Reversion should not be confused with Sale & Rent Back Schemes, which are not regulated by the Financial Conduct Authority.
“Giving up” ownership creates an instant defence mechanism in most, but does actually offer a credible option in many cases.
There may be nominal payments to make and you will receive a regular income, lump sum or both in exchange for the sale. Of course, you may continue to live in the property for as long as you wish and the loan will be redeemed when you pass on or move into long-term care.
Contact Us for unbiased Home Reversion Plans advice
Please call Essex Equity Release Advice Centre and we will resolve any of your problems or questions relating to Home Reversion Plans anywhere in Essex. Either at your home, our office in Benfleet, or at our Local Interview Suites in Basildon, Billericay, Brentwood, Burnham on Crouch, Chelmsford, Epping, Romford & Southend. Alternatively email us using the form provided on our Contact Us page and we will be happy to help.