With a home reversion plan, you agree to sell a percentage of your property (up to 100%) for an agreed amount. You can receive this as a lump sum, an income or both.
New care enquiries: 01305443115
Your home is worth £100,000. You agree to sell all your property to the reversion company for half its current value, so you receive £50,000. When you die your house is worth £150,000, 100% of the house is owned by the reversion company, so there is no residual value to pass on to your beneficiaries.
Your home is worth £232,000. You agree to sell 50% your property to the reversion company for 25% its current value, so you receive £58,000. When you die, your house is worth £300,000.The reversion company will receive £150,000 in recompense for their original loan of £58,000, your estate will have £150,000 to pass on to your beneficiaries.
Agincare is not authorised to provide investment or other financial advice and nothing on this page should be construed as such. We recommend you obtain independent financial advice from an adviser registered with the Financial Services Authority.