For most people a house represents the largest asset that they own, yet releasing that capital by selling the property can be a lengthy and complex process.
Whether you want to supplement your pension or are concerned about meeting your mortgage payments when you retire, need to pay for nursing care or have suffered redundancy. Release the cash you need, when you need it with a home reversion plan.
A Home reversion plan is the term used by the Financial Services Authority (FSA) to explain a type of equity release plan where the homeowner sells part or all of their home to a plan provider in return for a lump sum of cash with the right to stay in the property for life, but when they die or move house the provider is free to sell the property create new life tenancies by purchasing and granting lifetime leases to existing homeowners, You simply sell your home and stay in it - releasing the capital tied up in your property without having to leave your home. The money released is then yours to do with as you wish.
For example:
For those under 70 ( minimum age 45 years), you may simply be able to agree a rent (up to, but not exceeding the current market rent). The amount of rent that you are willing to pay, together with condition, market value and location of your property will determine the cash sum that you may receive for your home.
For those under 70 ( minimum age 45 years), you may simply be able to agree a rent (up to, but not exceeding the current market rent). The amount of rent that you are willing to pay, together with condition, market value and location of your property will determine the cash sum that you may receive for your home.
From 6th April 2007 the provision and sale of home reversion schemes come under the regulation of the Financial Services Authority.
Acrewood Group PLC is authorised and regulated by the Financial Services Authority (FSA ) as a provider of home reversion schemes.
To understand the features and risks of Home Reversion Plans, ask for a personalised illustration.
The Acrewood equity release UK site is currently undergoing some essential maintenance and changes. We apologise for any inconvenience.
General enquiries
Acrewood Group Plc
Live Life Equity Release and Home Reversions
18 Hanover square,
London,
W1S 1HX
P: +44 (0)20 3178 5270
Free Phone: 0800 0350099
Contact us now
- Telephone Free: 0800 035 0202
- Online: It´s simple, it´s quick. We´ll call back with a FREE appraisal
- Face to Face: Meetings by appointment at our offices, your home or office
- Email: We will call back for an informal discussion
