Home reversion

Home reversion means you sell all or part of your home to a specialist investment company or individual. In return, you get a lump sum, an income for life – or both.

To qualify for home reversion you should normally be at least 65. If you’re in a relationship, either you or your partner must meet this minimum age requirement.

The amount you receive from home reversion will depend on the current value of the property and your age.

And for once it pays to be old. With home reversion, older people receive more than younger people.

Home Reversion Schemes are regulated by the Financial Services Authority. This means only authorised firms like Blacktower can advise you on these products.

We only recommend home reversion schemes from members of Safe Home Income Plans (S.H.I.P.). The S.H.I.P. code of practice includes the valuable ‘no negative equity’ guarantee.

If you elect to pay us a fee for arranging finance, our fee will be 1% of the advance with a minimum of £750.00.

To understand the features and risks of a home reversion plan, ask for a personalised illustration.

CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT, IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE