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Home reversion plans

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

Home reversion plans are available throughout the UK.

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.

Equity release advice is provided by StepChange Financial Solutions, a subsidiary of StepChange Debt Charity. It is not a lender but works on behalf of our clients to search the market for a range of mortgage and equity release products that will best suit their needs.

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
  • You don’t pay tax by releasing equity, but the way it’s released 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 home reversion plan ask for a personalised illustration.

Considering a home reversion plan?

Call us now for FREE on 0808 1686 719 for no-obligation advice.

How to apply

  1. Speak to our expert advisors for free, impartial advice. You can call us for free on 0808 1686 719.
  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.

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, 

Is a home reversion plan right for me?

Call us now for FREE on 0808 1686 719 for no-obligation advice.

StepChange Financial Solutions is a registered trading name of Consumer Credit Counselling Service (Equity Release) Ltd. Authorised and regulated by the Financial Conduct Authority. FCA reg. no. 517674.