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How does home reversion work and is it right for you?

Home reversion involves a company buying your home or a part of it. In return you get a cash lump sum or an income that could boost your retirement pot.

The older you are when you start a home reversion scheme, the higher the percentage you’ll get of your home’s market value.

You get the right to carry on living in the home under a lifetime lease.

The terms of the lease will vary depending on which reversion you choose.

However, home reversions could have major implications for tax, benefits, inheritance and your long-term financial planning so be sure to speak with an expert before moving forward.

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