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).
smiling couple sofa

Home reversion plans

We can help you sell all or part of your home. With no need to move. Unlock your options with us.

Call us now for FREE

0808 1686 719

Monday to Friday 9am to 5pm

Looking for other ways to get debt help? Find out how to contact us.

A home reversion is a type of equity release. Home reversion plans are available throughout the UK. This service is provided by StepChange Financial Solutions, part of StepChange Debt Charity. We are not a lender. We find products that suit your needs.

About home reversion plans

A home reversion is a type of equity release. This plan could allow you to sell all or part of your home.

In return, you can get:

  • A cash lump sum
  • Rent-free lifetime tenure in your home

Releasing equity this way means:

  • You can access the money tied up in your home
  • You do not need to make repayments
  • When the property is sold, the provider keeps their percentage of the sale amount

You must be 55 or older to release equity.

We help homeowners understand their financial options

Read our guides about debt and money for homeowners

These solutions are not for everyone. We will look at all your options. Our advisors look at your situation before telling you which type of equity release is right for you.

Benefits of a home reversion plan

  • You will typically get between 35% to 60% of the full market value for the share of your home sold. This depends on how old you are when the plan begins
  • The older you are, the higher the amount you will usually get
  • The amount you get is reduced in exchange for rent-free lifetime tenure. Or until you go into long-term care
  • You will benefit from any increase in the value of the property. You will also 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 would keep a beneficial interest in the property
  • You do not pay tax by releasing equity. The way it is released might affect your:
  •  Tax position
  •  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. This affects 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.

Doris on Feefo says:

"Very helpful, friendly and understanding. Excellent service. Great result."

"Very friendly, helpful and efficient. Went through every detail of the Equity Release to help us find the best product to suit our needs. Took time to ensure we understood everything and made filling in long forms less stressful.

"I would happily recommend them to anyone. Very pleased with the end result."

Get help like Doris

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 will talk with you about your situation to see whether a home reversion plan could be your best option
  3. If you qualify, we will guide you through the full process. There is no need for a home visit. We will do everything over the phone

Common home reversion plan questions

If you sold 40% of your property to a provider, then they will keep 40% of the sale amount when it is sold.

We cannot predict:

  • The future value of your property
  • 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
  • Your health

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

As you are selling a fixed percentage of your property, whatever you retain will be passed on to your estate.

As property prices rise and fall, we cannot predict:

  • The future value of your property when it is eventually sold
  • 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:

1. Advice fee

We do not charge any advice fees.

A service fee of £495 is payable on completion should you wish to go ahead.

2. Valuation fee

This is payable when you submit your application. It 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. Fees may vary dependant on the work required.

If you are buying a property, or the legal position of your property is complex, extra 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. This is subject to the approval of the plan provider

You must:

  • Maintain your home to a good standard
  • Follow the terms of the agreement
Smiling couple car shopping

Lifetime mortgage

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

Find out more
Happy people

Interest only lifetime mortgage

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

Find out more

Ready to find out more?

We will help you understand your choices. For free advice:

Debt happens. We deal with it.

We have helped millions of people since 1993.

Find out how.


"I felt such relief when I turned to StepChange. It was an easy process, the staff are so helpful and friendly and always happy to help . Thank you."

Rachel, Feefo Review