A home reversion plan is a way of unlocking money from your property without having to move out. You sell all, or just a portion, of your home to a provider in exchange for a lump sum or regular income. The best part? You can still live there, rent-free, for the rest of your life.

It’s not a loan, so there’s no interest building up or monthly repayments to worry about. You simply agree that the home reversion company will get their share of the property’s value when it’s sold, typically when you pass away or move into long-term care.

To be eligible, you’ll usually need to be aged 60+, own a UK home worth at least £100,000, and either be mortgage-free able to repay any existing mortgage or other secured debt using the money you release.