A Home Reversion is one of two main types of Equity Release. The other type is a Lifetime Mortgage and at Sixty Plus we provide independent advice on both types of Equity Release.
A Home Reversion is a way for homeowners aged 65 and over to release some of the money in their property.
Although often perceived to be a new idea, Equity Release has been around for a long time with the first Home Reversion plans in 1965.
Sixty Plus is a firm of financial advisers specialising in Equity Release. We provide friendly independent advice on all your Home Reversion options.
A Home Reversion plan involves selling some or all of your property to a Home Reversion provider in return for a lump sum. There is no rent or interest to pay.
Safety is of the utmost important to both our clients and ourselves when arranging a Home Reversion plan. We at Sixty Plus only recommend Home Reversion providers who are members of the trade body for Equity Release providers, SHIP (Safe Home Income Plans).
With a Home Reversion plan from a SHIP member, you will have:
- the right to live in the property until they die or move into long term case..
- independent legal advice. Your solicitor works only for you and not the Home Reversion provider.
Your Home Reversion service from Sixty Plus will include:
- A free initial meeting without obligation. During this meeting we will discuss your needs and explain your Equity Release options that are open to you.
- Following this we will research the market to identify the right Home Reversion plan for you.
- We will present our Home Reversion recommendation to you, we will assist you with the initial paperwork and, if required, recommend a solicitor who specialises in Equity Release and Home Reversion plans.
- A report detailing our Home Reversion plan recommendation.
- We will discuss the impact a Home Reversion may have on means tested benefits, such as Pensions Credit and Council Tax Benefit. We can often help you to avoid a reduction in your benefits but each case needs to be considered individually.
- We welcome family involvement as we often find clients wish to involve their children when considering a Home Reversion plan but this is up to you.
There is now more choice available in Home Reversions than ever before.
If you want the facility to take your Home Reversion in stages over the years to come, you can
If you want to be able to ‘ring-fence’ some of your property’s value to guarantee an inheritance, you can.
We know from many satisfied clients that a Home Reversion plan can make a dramatic difference to your retirement.
We hope to help you soon.
