home reversion scheme how much would i get if my property is worth 96000 and had 50%?

Answer 1

Don't do it = it's a rip-off.

Ask your children if they want to purchase half the house (or look at Life Time Mortgages = still a rip-off but not so bad).


If you are 65, you might get 20,000 for half your house. If you drop dead the day after signing the papers they take half the house ...

Of course you could live 10 years. By then the house will be worth about £200,000. They still get half, so they pick up £100,000 ....

If you live another 10 years after that, the house could be worth £400,000 and they still get half ...