With a home reversion scheme, you sell all or part of your property at less than its market value in return for a tax-free lump sum, a regular income, or both, but stay on in your home as a tenant, paying no rent. Home reversion plans are one of the two main types of equity release. The other is a Lifetime Mortgage.

Please note companies are ranked in no particular order and data comes from each company’s website and was last updated in March 2023.

COMPANY NAME	MINIMUM AGE	MINIMUM PROPERTY VALUE
Aviva	55	£75,000
Hodge Lifetime	55	£100,000
More 2 Life	55	not stated
Legal & General	55	£100,000
LV	not stated	not stated
Just	55	£70,000
Canada Life	55	not stated
Retirement Bridge	60	£100,000
Nationwide	55	not stated
Responsible Lending	55	not stated
OneFamily	55	£70,000
Retirement Plus	65	not stated
Pure Retirement	60	not stated

1. Aviva

• The UK’s largest insurance company with over 15 million customers
• Lump sum or smaller sum equity release options
• Lifestyle Lump Sum Max lets you borrow a one-off cash sum from £15,000
• Lifestyle Flexible Option lets you borrow an initial lump sum from £10,000
• Pension annuity schemes also available
• Award winning services: Personal Finance Awards & What Mortgage
• Member of the Equity Release Council
• Mixed online reviews

Website: Aviva
Read the full Aviva home reversion review.

2. Canada Life

• Lifetime Annuities and Pension Schemes available
• CanRetire Fixed Term Income Plan lets you create a guaranteed lifetime income
• A large portfolio of retirement and investment products also available
• Useful online support tools and jargon-busting FAQs
• Award winning services
• Rated AA for Financial Strength
• Fairly negative online reviews

Website: Canada Life
Read the full Canada Life home reversion review.

3. Hodge Lifetime

• One of the longest established equity release providers in the UK
• Lumpsum Lifetime Mortgage provides a tax free lump sum
• Flexible Lifetime Mortgage provides an initial tax free cash lump sum and an option to make further cash withdrawals
• Home Reversion Plan offers market-value rates
• Hodge Lifetime Retirement Mortgage provides a tax-free lump sum
• Over 55s Mortgages and Pension Annuities also available
• Award winning services
• Clean, easy-to-navigate website which readily lists pros and cons
• No customer reviews available

Website: Hodge Lifetime
Read the full Hodge Lifetime home reversion review.

4. Just

• Lump Sum Lifetime Mortgage provides a tax free lump sum
• Interest Serviced Lifetime Mortgage operates like a drawdown lifetime mortgage
• Home Reversion Plan allows you to sell all or part of your home in return for a tax-free cash lump sum or regular income
• A range of other financial services also available
• Simple plain English website with a helpful jargon buster
• Useful online calculators available
• Online customer reviews tend to be quite negative

Website: Just
Read the full Just home reversion review.

5. Legal & General

• One of Europe’s largest insurance and asset management groups
• Fixed Term Retirement Plan lets you use your pension pot to buy a guaranteed income
• Pension Annuity also offers a guaranteed income for life
• Cash-Out Retirement Plan lets you use your pension pot to get regular income payments
• Various Lifetime Mortgage products available
• A large range of related services also available including investments opportunities and ISAs, pension schemes, life cover and insurance
• Online customer reviews tend to be quite negative

Website: Legal & General
Read the full Legal & General home reversion review.

6. LV

• A company with longevity and a rich 175 year history
• Lifetime Mortgage Lump Sum+ releases equity
• Flexible Lifetime Mortgage releases some equity now with an option for more later
• A large range of related services including insurance, bonds, ISAs and investments, income protection and investment opportunities
• Winner of Investment Life & Pensions Moneyfacts Awards
• A clear, well laid-out website
• Good customer reviews; straightforward process

Website: LV
Read the full LV home reversion review.

7. More 2 Life

• Launched in 2008 as specialists in later life lending
• Flexi Lifetime Mortgage offers loans up to £1.85m
• Capital Lifetime Mortgage offers loans up to £1.5m
• Tailored Lifetime Mortgage offers loans up to £600,000
• Maximum Lifetime Mortgage offers loans up to £750,000
• Prime Lifetime Mortgage offers loans up to £600,000
• Fastpath online portal speeds up the administration process
• Useful online tools and calculators
• Multiple award winner including What Mortgage Awards, Financial Adviser Awards and Moneyfacts awards
• Favourable online customer reviews

Website: More 2 Life
Read the full More 2 Life home reversion review.

8. Nationwide Building Society

• The seventh largest cooperative financial institution and the largest building society in the world
• Lifetime Mortgage provides a tax free lump sum
• Retirement Interest Only (RIO) and Retirement Capital & Interest (RCI) products
• A range of complementary products including Savings and ISAs, Current Accounts, Personal Loans and Investments
• Poor online customer reviews
• No helpful online calculators or support tools

Website: Nationwide Building Society
Read the full Nationwide Building Society home reversion review.

9. OneFamily

• A mutual organisation owned by, and run for the benefit of, its members
• A large range of related services including Lifetime ISAs, Junior ISAs, Ethical Equity ISAs, Over 50s Life Cover, Child Trust Funds and Bonds
• Various useful online tools available
• Rated five stars for Over 50s Life Cover by Defaqto
• Award winning products
• Decent online customer reviews, praised in particular for its simple, straightforward processes

Website: OneFamily
Read the full OneFamily home reversion review.

10. Pure Retirement

• Pure Retirement Plan allow you to access equity and turn it into cash
• A quick process which is usually completed within 8 weeks
• Award winning products and services
• Website is easy to navigate and understand, written in plain English
• A narrow product range
• No online reviews or customer feedback

Website: Pure Retirement
Read the full Pure Retirement home reversion review.

11. Responsible Lending

• Partnered with global investment bank Credit Suisse, one of the largest investment banks in the world
• Lump Sum Lifetime Mortgage provides a one-off lump sum
• Drawdown Lifetime Mortgage provides an initial lump sum now, with the option to take extra amounts in the future
• A clear, easy to understand website with helpful safeguarding information
• Dedicated advisers will create personalised illustrations to facilitate product understanding
• A narrow product range
• No online reviews or customer feedback

Website: Responsible Lending
Read the full Responsible Lending home reversion review.

12. Retirement Bridge

• The UK’s biggest administrator of Home Reversion Plans
• Home Reversion Plan – No Rent – allows you to sell between 25-100% of your property for a cash lump sum
• Home Reversion Plan – Fixed Rent – similar but with fixed monthly rent payments
• Home Reversion Plan – Escalating Rent – similar but with monthly rent payments which will increase at 2.5% per annum compound
• A simple, clean website easy to navigate with a useful online calculator
• Advisor Portal designed to help customers
• Winner of Best Home Reversion Provider award
• A narrow product range
• No online reviews or customer feedback

Website: Retirement Bridge
Read the full Retirement Bridge home reversion review.

13. Retirement Plus

• Retirement Plus Property Plan lets you sell all or part of your property at less than its market value in return for a tax-free lump sum, a regular income
• For over 65s only
• As a long-standing member of the Equity Release Council
• A fairly basic website with little product information
• No online reviews or customer feedback
• The company is not taking on any new customers at present due to allocated funds being exhausted

Website: Retirement Plus
Read the full Retirement Plus home reversion review.

What is a home reversion plan?

With a home reversion scheme, you sell all or part of your property at less than its market value in return for a tax-free lump sum, a regular income, or both, but stay on in your home as a tenant, paying no rent. Home reversion plans are one of the two main types of equity release. The other is a Lifetime mortgage.

Who regulates home reversion plans?

The Financial Conduct Authority (FCA), the UK’s financial services regulator, regulates home reversion plans, providing protection and peace of mind for home reversion customers since 2004.

How much can I get?

You’ll usually only get between 20% and 60% of the market value of your house, depending on your age and state of health. This is because the reversion company is taking a risk on house prices and in not knowing when it will get its money back, as they cannot sell the property until you die or move into care.

What happens when you die?

When you die, usually your home will be sold. The money raised by the sale of your property will pay the estate agent, the solicitor’s fees and any money remaining will be used to pay off the equity release loan. After all these payments have been met, any remaining proceeds will go to your beneficiaries.

What are the risks and pitfalls of home reversion plans?

Home reversion is a type of equity release, but unlike lifetime mortgages which are loans, home reversion plans involve selling a percentage of your house to the plan provider in exchange for a cash lump sum. As such, home reversion plans are high-risk products. They could have major implications for tax, benefits, inheritance and your long-term financial planning. Home reversion plans offer poor value for money in case there is significant value appreciation. The amount you receive for the percentage you sell is not the market value, and when the plan ends and the house is sold, you or your estate does not benefit from any property appreciation on the percentage sold to the home reversion provider. Losing ownership of the house in home reversion plans can be a cause of great unease for many people. Although you retain the right to live rent free in the house, you are no longer sole owner of the property. This means that the inheritance you leave behind will not include your home.

You should always get independent financial advice before taking out a home reversion plan or any other kind of equity-release scheme.