Home reversion plans

• Details
• Tagged entities

Properties

SES ID

• 10743

Notation

• 10743

In scheme

• Subject

Broader

• Equity release

Definition

• A form of equity release. Under this scheme a bank buys all or part of the house, but the householder continues to live in it and can spend the money raised as they want. The householder pays a percentage of the increase in value of the house if it is subsequently sold.