Solution Mortgages News

Solution Mortgages news on bad credit remortgages, poor credit remortgages and for people with arrears & ccj’s. Remortgage news with regards to the adverse credit market and people with sub prime credit.

Thursday, May 29, 2008

Benefits of Home Reversion Plans

Please see below the list of benefits of Home Reversion Plans through Solution Mortgages:-

  • Minimum property value £75,000
  • No maximum release amount
  • Minimum age 50 for single applicants, 45 for joint applications when other applicant is 50+
  • Ex-local authority properties accepted
  • Both rental and rent free options available
  • All properties accepted subject to survey
  • Home Reversion Plans provide a Lifetime Tenancy
  • Properties purchased throughout England & Wales

Rent calculation as follows:-

Calculations for the rent on the rental home reversion plan are based upon £48 per £100,000 of the property value.

Contact Solution Mortgages today on 0845 123 1260 for more information.