We aim to make our website as accessible as possible. However if you use a screen reader and require debt advice you may find it easier to phone us instead. Our phone number is 0 8 0 0 1 3 8 1 1 1 1. Freephone (including all mobiles).
StepChange Debt Charity logo
Go

Home reversion plans are available throughout the UK.

Happy pair

Home reversion plan

StepChange Financial Solutions can help you sell all or part of your home, with no need to move.

Contact us now

A home reversion plan could allow you to sell all or part of your home in exchange for a cash lump sum and rent-free lifetime tenure in your home.

Releasing equity this way allows you to access the money tied up in your home with no need to make repayments. When the property is eventually sold the provider will retain their percentage of the sale proceeds. 

Our expert advisors take the time to understand your situation before advising on which type of equity release is right for you.

Benefits of a home reversion plan

  • You’ll typically receive between 35% to 60% of the full market value for the share of your home sold depending on how old you are when the plan begins
  • The older you are the higher the amount you will usually receive
  • The amount you receive is discounted in exchange for rent-free lifetime tenure or until you go into long-term care
  • You’ll benefit from any increase in the value of the property and share any decreases in value 
  • You can guarantee an inheritance as the percentage sold is a fixed amount

Risks of a home reversion plan



  • The deeds and ownership of the property would be transferred to the home reversion provider. You'd retain a beneficial interest in the property
  • Releasing equity might affect your tax position and entitlement to means-tested benefits
  • Future property prices might be higher or lower than they are today
  • Releasing equity from your home will reduce the value of your estate, affecting the amount of inheritance you might leave
  • There are implications of securing other debts against your home
  • Consolidating debts over a longer period may mean you pay more overall

To understand the features and risks of a lifetime mortgage ask for a personalised illustration.

Considering a home reversion plan?

Call our knowledgeable team on 0808 168 6719 or arrange a call back at a convenient time.

Contact us now

How to apply

  1. Speak to our expert advisors for free, impartial advice. You can call us on 0808 168 6719 or use our online form to arrange a callback.
  2. We'll talk through your situation to see whether a home reversion plan could be your best option. 
  3. If you qualify, we'll guide you through the entire process. There's no need for a home visit; we'll do everything over the phone.
Man in high visibility jacket stood in front of scaffolding

What our clients say

"So efficient - we can't believe the excellent service provided by everybody. The whole process was turned around in only a few weeks."

James, St Helens

Common home reversion plan questions

If you originally sold 40% of your property to a provider, then they’ll retain 40% of the sale proceeds when the house is sold.

We can't predict the future value of your property or predict the long-term cost associated with this plan. Property prices could be higher or lower than they are today.

The amount you can borrow depends on the value of your property, the percentage of the property sold, your age and health. 

The older you are when you start the plan the more you will usually receive for the share of your property sold.

As you're selling a fixed percentage of your property, whatever you retain will be passed onto your estate. 

However as property prices rise and fall, we can't predict the future value of your property when it's eventually sold, so we can’t predict what inheritance will be available.

Some providers offer an inheritance protection facility which allow clients to protect a specific percentage of the property’s future value. Your advisor will discuss this option if protecting an inheritance is one of your priorities.

There are four main costs associated with equity release.

1. Advice fee

At StepChange Financial Solutions we don't charge any advice fees.

2. Valuation fee

This is payable when you submit your application and usually depends on the estimated value of your property.

3. Legal fee

We recommend that you agree a fixed fee with your solicitor once your equity release offer is confirmed. Typical legal fees range between £400 and £500. If you’re purchasing a property, or the legal position of your property is not straightforward, additional costs may apply.

4. Application fee

Some lenders may charge an application fee. Where this is the case it typically costs £695.

All plans that meet the standards of the Equity Release Council:

  • guarantee lifetime tenancy in your property
  • can be transferred to a new property, subject to the approval of the plan provider

Providing you maintain your home to a reasonable standard and fulfil the terms of the agreement, 

Couple on their laptop with a cup of tea

Interest only lifetime mortgage

Borrow against the value of your home, repaying all or part of the interest.

Find out more
An elderly woman and her granddaughter smiling at one another

Lifetime mortgage

Borrow against the value of your home, without needing to make repayments by adding the interest to your mortgage.

Find out more

Is a home reversion plan right for me?

If you're considering a home reversion plan, call our expert team on 0808 168 6719 or arrange a callback at a convenient time.

Contact us now

StepChange Financial Solutions is a registered trading name of Consumer Credit Counselling Service (Equity Release) Ltd. Authorised and regulated by the Financial Conduct Authority.

Helping you become debt free...

“I wish to thank your staff for all the great help they gave me when I was in so much debt.
They were a pillar of support to me.” (Leslie, Essex)

Foundation for Credit Counselling Wade House, Merrion Centre, Leeds, LS2 8NG trading as StepChange Debt Charity and StepChange Debt Charity Scotland. A registered charity no.1016630 and SC046263. It is a limited company registered in England and Wales (company no:2757055). Authorised and regulated by the Financial Conduct Authority.

We link to external websites where they contain relevant information for our visitors. We're not responsible for the content of these websites, or any infringement on your data rights under data protection regulations by any external website provider.

*This is the average rating of our service based on the StepChange reviews on Feefo by DMP and DRO clients three months into their solution.

© StepChange Debt Charity 2018