Home reversion plans can be arranged through Solution Mortgages. Most of our customers have encountered the following issues:-
- Unable to find suitable terms for a new mortgage
- Struggling with mortgage repayments now that they are paying the Standard Variable Rate
- Coming up to retirement with a lump sum to pay off
- In retirement and unable to pay off their mortgage or personal debts
- Divorce/separation
To be suitable for such a product a customer must:-
- Be aged 50 or over
- Have at least 50% equity in their property – dependant on age
For further information on Home Reversion Plans please call Solution Mortgages on 0845 123 1260.