Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to apply via Moneyfacts.co.uk today. Products shown with a yellow background are sponsored products.
The older you are when you start a home reversion plan, the higher the percentage you’ll get of your home’s market value. You will hold a lifetime lease that allows you to stay in your home and on death or sale of the property the reversion company gets the share you originally sold.
Equity release plans allow you to use the money in your home, to increase your income in retirement.
There are two types of equity release plan:
Home reversion plans work by you selling part, or all of your home to a reversion company. The reversion company buys at under market value, and then benefits from increases in house prices throughout your lifetime.
Although you may sell your home in full, you still remain living there. You get a lifetime lease that allows you to stay in the house rent free, or with a nominal low rent - and there are no interest repayments. The home reversion plan ends when you die, or when the property is sold.
Download this information in our Home Reversion Plan Factsheet
Equity release may involve a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration.
Call Just Retirement Solutions on 01737 233462. Lines are open 9am to 5pm, Monday to Friday (except Bank Holidays). Calls are charged at local rates and may be recorded or monitored.
If you decide to take out a plan, there will be a fee by Just Retirement Solutions Limited of £749 for advice and arranging a recommended equity release plan. You will only be charged if you decide to take out a plan. Their advice service carries no obligation.
Equity release may not right be for everyone. If may affect your entitlement to state benefits and will reduce the value of your estate.
Equity release home Lifetime mortgage selection
Equity Release Calculator What Just Retirement's Customers Say
Equity release FAQs Equity release jargon buster
Stay in the know with all the latest information, of-the-moment consumer trends, best-in-class products & providers and helpful tools from Moneyfacts.
Grandparents may be known for spoiling their grandchildren, but are they doing so at the expense of ... More
Saving for retirement is something we all need to get into the habit of, but not everyone seems to b... More
The number of over-65s choosing to work beyond the traditional retirement cut-off point has been gro... More
When thinking about our finances, may of us focus on the short-term rather than looking further ahea... More
Equity release can be used as a way to free up a valuable amount of cash from your home, and it seem... More
Equity release plans can improve your retirement, but should not be entered into lightly. Read our g... More
Trying to find the best annuity rates but baffled by the jargon? Don't worry - we've compiled an ann... More
A pension review should form a key part of your retirement planning strategy. It can save you paying... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.