Nigel Hare-Scott talks us through Home & Capital's home reversion plan and highlights the benefits it can bring to the retiree
Tell us about your product? How does it work? Home & Capital's home reversion plans enable homeowners to raise income and/or capital from their property and thereby improve their lifestyle in retirement. Under the terms of the plans, homeowners can sell a share in their property for a cash sum but have the right to remain in their home on a rent-free basis for the rest of their lives. Funds can be released as a cash lump sum or as stage payments over a chosen number of years. Because no rent is payable, the price paid is at a discount to the market valuation with the amount payable be...
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