Home Reversion

What is Home Reversion

A Home Reversion plan is a type of Equity Release scheme. These plans allow you to sell a percentage, or all of your home in order to receive a cash lump sum. You will receive a guarantee that you can stay in your home for the rest of your life.

Although you will not receive the full current market value of your home, you will be able to live rent free for the rest of your lives or until you enter long term care.

The Benefits of a Home Reversion Plan

If you only release a percentage of your home you still own the rest, as such can still leave the remainder to your family as an inheritance and benefit from any future house price increase
You do not have to make any monthly repayments
The money received is tax free
You could potentially reduce your inheritance tax liability.

I contacted Braemar to discuss the option of equity release. I was sent a list of questions to have answered in preparation for the Braemar adviser calling us. This then enabled her to qualify me for the most suitable option to meet my requirements. Everything was done for me. The only thing I had to do was contact a Solicitor for his advice, as per your instructions. The transition went through very smoothly and was completed within 2/3 months and I am now mortgage free and still have part ownership in my property. I would highly recommend using Braemar to anyone.
Mrs Blyth Edinburgh

Is it Safe?

Braemar are leaders in the UK equity release field. We specialise in helping you to unlock money from your property.

We will only offer you equity release plans that guarantee your safety, all the scheme providers that we recommend are FSA regulated and adhere to the standards of SHIP: (Safe Home Income Plans). Please read our safeguards section where we explain how we protect your interests at all times of the process.

You can also read the Financial Services Authority (FSA) fact sheet on equity release: Raising money from your home.

A home reversion plan will reduce the size of your estate and could affect your entitlement to means tested benefits. It is therefore vitally important that you seek independent financial advice before maing any decisions.

Would You Like More Information?

Simply enter your details into the form and we will call you within the next working day.

How Much Will It Cost Me?

Braemar offer a free, no obligation discussion with one of our qualified, independent advisers (with no home visit required). This allows us to find out whether a home reversion plan would be suitable for you and if so, recommend how much money you could release. Once you have all the facts and figures to hand, if you decide not to proceed, no fee will be charged. Only if you apply for and complete a plan do we charge a fee of 2.5% of the amount released with a minimum of £495.00. You may be required to pay a valuation fee and will need to appoint a solicitor.

This is a home reversion. To understand the features and risks of lifetime mortgages and home reversion plans, ask for a personalised illustration.