With a Home reversion plan, you sell part of your home to a private company, they in turn allow you to live there for the rest of your life, often for a nominal rent. With home reversion plans you may not receive the full market value as you would do on the open market this would be dependent on factors such as your age and the value of your property.

Home reversion plans

When your home is sold the reversion plan company will receive a pro-rata share of the proceeds from the sale. Therefore if you sold a 50% share of your home to the reversion plan company, it would receive 50% of the proceeds.

These types of home reversion plans are typically available to you if you are over age 65 years, unless you are in poor health.

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