Advantages & Disadvantages Of Home Reversion

Home Reversion Advantages:-

• - The cash raised can be used how you wish.
• - You will not be required to pay monthly instalments.
• - You are guaranteed lifetime occupancy.
• - Some of the equity from the house is retained for beneficiaries.
• - No interest is payable.
  
  

Home Reversion Disadvantages:-

• - You lose ownership of your property, or part of it.

• - Income based schemes may restrict your choice of annuities.
• - You lose the right to any future growth in the part of the property that you have sold.

• - The cash raised, will not reflect the true value of the part of the property sold.

• - Moving home could prove difficult.

• - Increases in your capital or income could affect your rights to state benefits