Nigel Hare-Scott highlights how home reversions can be of use to elderly homeowners
The 'Right to Move' is a fundamental guarantee and is one of the cornerstones of the SHIP Code of Practice. Indeed, the combination of the 'Right to Move' with 'Security of Tenure for Life' is a persuasive cocktail, which has been at the heart of the industry since its renaissaince under SHIP in the early 90s. Few advisers will, however, have had any direct experience or comprehension of the moving process itself, for a move will almost invariably take place a long time after the equity release plan was completed. Most moves are triggered by the need to relocate closer to family after a s...
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