Lifetime mortgages

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.

What is a Lifetime mortgage? Well a Lifetime mortgage is a type of mortgage which does not require you to make monthly repayments. You retain ownership of your home and the interest on the loan rolls up (compounded).

Lifetime mortgage

The loan and the rolled up interest is then repaid by your estate (sale of the property) when you either die or move into long term care. If you live at the property with you partner, then the loan does not become repayable until the last remaining person living in the home either dies or moves into care.

You could consider taking a lump sum initially and then regular or irregular amounts each year.

You can have the option to repay the interest on the loan and not let it roll up.

Depending on the type of lifetime mortgage you require, they all have their own advantages and disadvantages, you should therefore consider which is the right option for you now and for the future requirements.

For a personalised lifetime mortgage fareham illustration or to discuss other options, call 01489 580020 or email we can then arrange an initial meeting to discuss your requirements and see if a lifetime mortgage is suitable for your needs.


The Equity Release Council is the industry body for the equity release sector. The Equity Release Council has been renamed, formerly known as SHIP (Safe Home Equity Plans) the Equity Release Council represents the providers, qualified financial advisors, lawyers, intermediaries and surveyors who work in the equity release sector.

The Equity Release Council

Lifetime Mortgages For further information please visit

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We offer whole of market advice for all types of customers, whether you are a first time buyer, home mover or looking to purchase a buy to let property. Being independent we are able to offer impartial advice from the whole of the market to ensure you get the product that suits your financial needs.

Whether you are looking to protect your mortgage payments or your family, we provide independent advice for life insurance, critical illness cover and income protection from a wide range of providers.

Buildings Insurance is a requirement when you complete on a mortgage the cover is to provide security to the lender, the insurance covers the main structure of your home. It will cover you for subsidence, storm, flood, fire or smoke damage and cover the costs of rebuilding or repair.

Equity release is a way of releasing cash from your property, either through selling a percentage to the reversion company or taking a mortgage on it, while allowing you, the homeowner to continue living there as long as you wish.