Lifestyle choice

clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •