CALL 01844 390910
Like us on Facebook share us on Google Plus RSS Feed Link

Equity Release Home Reversion Plans

Home Reversion Plans is the act of selling all or a share of your home but continue to have the right to live in it for the rest of your life.

  • You must be at least 65 years old
  • The lump-sum is tax-free
  • No monthly payments (some providers charge a nominal rent of £12 per year)
  • You can sell all or a percentage of your home

Calculations for Home reversion plans are dependent on your circumstances: Your Age, The value of your property, percentage of the property you wish to surrender and the rate offered by the provider.

If you which to release 20% of the value of your property, this can cost you from 60% to 75% of the value of your home. Plans are always calculated as percentage so if the property value increases the provider will receive the same share, but a higher value.

This website refers to home reversion plans and lifetime mortgages. To understand the features and risks, please ask for a personalised illustration.

Example: (Lump Sum)

The following examples are taken from who looked at the three main providers to take out a home reversion loan. This comparison was completed in February 2013

  Provider A Provider B Provider C
Value of property £250,000 £250,000 £250,000
Age of youngest owner 65 65 65
Value to sell (20%) £50,000 (20%) £50,000 (20%) £50,000
Provider share of the property offered (72.3%) £180,750 (73.8%) £184,500 (59%) £147,500
Owners share (27.7%) £69,250 (26.2%) £65,500 (41%) £102,500

If the value of the property increases 1.5% each year for 20 years

New Value of property £336,714 £336,714 £336,714
Provider share of the property (72.3%) £243,444 (73.8%) £248,495 (59%) £198,661
Owners share (27.7%) £93,270 (26.2%) £88,219 (41%) £138,053

Home Reversion Providers

There are 4 main providers in the UK that provide Home Reversion plans:

Bridgewater Equity Release

Crown Equity Release

Hodge Lifetime


On clicking the above links you will leave the regulated site of Bright Money Independent Ltd. Neither Bright Money Independent Ltd, nor Sesame Ltd, is responsible for the accuracy of the information contained within the linked site.

You can choose how Bright Money Independent Ltd are paid for mortgages; typically we do not charge however, you can pay a fee, usually 1% of the loan amount,
in cases that more work is required we may agree a fee upfront before any work is undertaken.
For Equity Release we are typically paid by the lender, however we offer a fee only service which is 1.5% of the loan amount.
Trading Address - 5a Cornmarket, Thame, Oxfordshire, OX9 3DX
For protection insurance we offer products from a limited panel of providers
For buildings and contents insurance and accident sickness & unemployment insurance we offer products from a selected panel of providers.
Registered Address - Coleridge House, 5-7A Park Street, Slough, SL1 1PE | Registered in England No 07801150