Home reversions could make up a quarter of the equity release market once products are regulated by the Financial Services Authority, according to Ship (Safe Home Income Plans) They believe that once home reversions are regulated, the plans could increase, making up 5% of the equity release market, to representing between 20 and 25% of sales in the next three years.
Our view
Different people have very different needs. Some will need lifetime mortgages, others will choose Reversion schemes and for others neither will be at all suitable. What's Equity Release? Visit our mortgage website.