subject: How Home Reversion Equity Release Schemes Work and why they are offer more certainty than a Mortgage [print this page] Many home reversion schemes companies offer a variety of knobs and whistles. Such as the ability to move to another property which is requirement if they are members of S.H.I.P (Safe Home Income Plans). Some will provide the option for your estate to receive an extra sum if you die early, move into residential care or wish to vacate the property. Most reversion investors allow the facility to take a partial equity release through a home reversion plan with the option to cash in more bricks at some future date when property prices may have increased. Also your cash related to the valuation will be greater as you get older. The Equity Release Analysis Centre provides you with a complimentary calculator that helps you to compare a home reversion scheme with an equity release lifetime mortgage. Your independent adviser can obtain quotations from both types of equity release based on the same amount of cash benefit so you can analyse the two on a like for like basis.
How Home Reversion Equity Release Schemes Work and why they are offer more certainty than a Mortgage
