Equity release allows owner-occupiers over the age of 60 to sell all - or part - of their homes in return for a lump sum or a series of payments. With equity release through a Home reversion there is no repayment date, instead in addition to the released cash the occupiers can continue to live in the property for the rest of their lives, with the same security of tenure as if they still owned the property outright. The guarantee of this is through our lifetime tenancy agreement which gives piece of mind that your home remains your home until the end of your life or you move in to long term care. Of course you have the option of moving to an alternative freehold property of your choice at any time.
If a partial sale has been taken then, on the death of the surviving partner, the property is sold and the proceeds are split proportionately between the investor and the tenant's estate.
For most owner-occupiers, the largest asset they possess is their home. Yet, unless they sell up and buy something smaller, their equity is tied up in the property.
Now there is an alternative to selling up and moving on. With a Home Reversion Plan you get all the benefits of living in your own home - without having to move - and you get to spend the money tied up in your home in the way that you want and at a time when you can enjoy it.
Crown Equity Release has specialist knowledge and experience and with our network of investor contacts, we are able to make Home Reversion offers on a broader range of properties and personal circumstances.
Our approach is flexible and we will be happy to consider all properties and circumstances. For an instant indicator of how Home reversion plans works get in touch today.