Sell a Portion of Your Property for Financial Flexibility

Are You Looking To Sell, But Stay Put?

A home reversion scheme allows homeowners to sell part of their property to a plan provider in exchange for a tax-free lump sum or regular payments.

By selling a share of your property, you become a co-owner but continue to enjoy the right to live in it for the rest of your life.

Unlike a reverse equity mortgage, there is no debt involved, and the amount of equity sold and retained is agreed upon in advance.

Some Pros:

Home reversion allows selling part of home equity for a capital sum or income stream, without incurring debt.
Provides tax-free cash to enhance retirement comfort.
Guarantees lifetime occupation rights, with no need to move or downsize.
No interest payments; not a loan, thus unaffected by higher interest rates.
Co-ownership still allows sharing in property value increases.
Option to ring-fence a portion of the property for guaranteed inheritance.

Some Cons:

No longer 100% ownership of your home; must pay the provider their share upon selling.
Rebuying the home requires paying full market value if you change your mind.
Selling the property won't yield its full market value.
No benefit from price rises on the portion of the home sold.
Reduced inheritance for beneficiaries due to partial property sale.
Can have upfront fees.