What are the Property Plans?

The Property Plans are a type of home reversion plan. We will buy a right to own a share of your home for its market value and you can continue living in your home for the rest of your life. Every month our percentage share in your property will increase at a fixed rate, set at the time you take out one of the Property Plans, up to an agreed maximum and your share in the property will decrease.

When you die, the property will be sold and we will deduct our share of the money received from the sale and the costs of sale, before paying any remaining funds to your estate. The Property Plan is transferable should you wish to move to a suitable alternative property, or it can be cancelled you pay us the value of our share at that time.