Home reversion under the christmas spotlight

The Treasury yesterday released findings from a public consultation - announced in May by financial secretary Ruth Kelly - after earlier declaring home reversion plans would "be brought forward as soon as parliamentary time allows". Legislation by the Treasury would see the matter brought within regulation of the FSA. A home reversion plan allows people to release a percentage of the value of their home, while interest accrued in this plan is in line with the appreciation the value of their home. The loans have already been labelled as controversial because some consumer groups claim ...