In an article entitled A level playing field at last, published in the April issue of Retirement Planner, Laura Brady stated that Just Retirement offered home reversion plans, which is incorrect. The plan offered by Just Retirement is similar to a home reversion but is technically a 'fixed lifetime mortgage' whereby the charge against the property is fixed for the life of the loan. The amount owed by the homeowner will not accumulate regardless of interest rates or how long they live.
GE Life also stopped offering home reversion plans in February this year.
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