Decoding the intricacies of home reversion plans can be challenging, given the potential long-term implications on your financial and living conditions.
This is precisely why this page has been created. Here, we aim to clarify the concept of home reversion plans, delivering key insights simply and straightforwardly.
Our page addresses various topics around home reversion plans within the UK context. This includes a detailed exploration of how home reversion works – the process of selling a part or all of your home in exchange for a lump sum or regular income, while retaining the right to live there rent-free.
Additionally, we discuss the various factors to consider such as the effect on your tax obligations, eligibility for state benefits, and the impact on your estate and inheritance plans. With this knowledge, you’ll be better equipped to decide whether a home reversion plan aligns with your financial and personal circumstances.