Lifetime mortgages offered more than ever Comment
Back when equity release was in its infancy, the home reversion plan was the big player (just like car insurance in the insurance filed), nowadays the lifetime mortgage has taken its place. The fact that you still retain ownership of your home, a feature not found in home reversion plans, makes it a lot more of an attractive proposition.
People were concerned with home reversion because the provider, and rightly so, sometimes checked to make sure the house remained in good condition. Although these checks were never excessive or onerous, they still made people feel uncomfortable. Now with a lifetime mortgage the stakes are different and people are a lot more interested in equity release again, as well as reverse mortgages.