Use the FREE Home Reversion Calculator
See how much cash you can release from your home.
What are the Benefits?
- Unlock cash from your home.
- Equity can have a MASSIVE tax saving.
- You’ll never owe more than your home’s value.
- Fast, easy & secure. It takes 8 seconds.
- Completely, independent advice.
- FREE, no obligation consultation.
About the Providers We Compare
- Helped more than 1 million with equity release.
- Organised over 1 in 3 plans approved by the Equity Release Council.
Did You Know? Every 12 minutes a homeowner over 55 in the UK unlocks £91,667 tax-free cash.
John Lawson
Last updated 16 July 2019
Home Reversion Calculator
Our Most Commonly Asked Questions
- You have to get advice before release equity.
- Check for plans that have a no negative equity guarantee, so you’ll never owe more than your home’s value.
- It reduces the value of your estate.
- The initial consultation is free with no obligation.
- The most popular form of equity release is a lifetime mortgage, which is a loan secured against your home. Note that you will still own your home.
A home reversion is a way of releasing the wealth (cash) tied up in your property without the need to move.
With home reversion products, if you are over the age of 55, you can either borrow against the value of your home or sell all or part of it for a regular monthly income, a lump sum, or the facility to get at equity as and when you like or a combination of these options.
Use our free reverse home reversion calculator to see how much you can release now.
Although there are many different plans available, they can all be split into four main categories of reverse mortgage schemes.
Lifetime Mortgage Loan
You release a lump sum from the value of your property, by taking out a mortgage secured on your property (provided it is your main residence) whilst maintaining 100% ownership of your home. This amount, plus any interest accrued, (you can choose to make repayments) is repaid from the sale of your property when you pass away or move into long-term care.
Drawdown Lifetime Mortgage
This works similar to Lifetime Mortgage but with a regular cash reserve/draw down option allowing you to withdraw amounts at a frequency you choose up to a specified amount of years, or until the cash reserve has been used up.
Interest-Only Lifetime Mortgage
You get a lump sum and pay a monthly interest on the loan, which can be fixed or variable, rather than allowing the interest to roll up. The amount you originally borrowed is normally repaid when your home is eventually sold.
Home Reversion Plan
Here, you sell some or all of your property to a home reversion provider in exchange for a lump sum of money or regular payments, whilst maintaining the right to remain living in your home, rent free, for as long as you live, but you have to agree to maintain and insure it. At the end of the plan your property is sold and the sale proceeds are shared according to the remaining proportions of ownership.
Not Looking For a Home Reversion?
Use our free equity release calculator to see how much you can release now.
Common Home Reversion Uses:
- To supplement your pension income to cover living expenses
- To settle a repayment mortgage or clear the balance on an interest-only mortgage
- To improve your standard of living
- To see your family enjoy their inheritance while you’re still here
- To carry out some home improvements
- To take that holiday of a lifetime
- To help your children onto the property ladder
- To pay off other outstanding debt and lower your monthly outgoings.
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