A reversion scheme involves selling a percentage of a property to a reversion company for a fixed amount. In some cases this is easier to explain. Homeowners over 50 will receive a certain amount of the value of the property sold depending on their age. When the property is sold, the reversion company receives the same percentage of the sales proceeds, which was originally borrowed against the value of the home. These are the oldest forms of Equity Release dating back to the 1960s.
A fee may be charged and we will be paid commission by the lender.
Equity release refers to Home reversion plans and lifetime mortgages. To understand the features and risks as for a personalised illustration. For Equity Release we charge an upfront fee of £750 and also get paid commission by the provider.