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Home reversions involve selling
part, or all, of your home to an investment company (called a reversion
company) which, in return, will give you a cash lump sum or an income
for life and sometimes the option of both.
A home reversion plan allows you to release a percentage of the
value of your home. The interest accrued in this plan is in line
with the appreciation (or in rare instances, depreciation) of the
value of your home. For example, if you choose to release 20% of
the value of your home, the lender will receive 20% of the value
of the property at the time of the sale. |
