Equity Release - Products
Neville James Home Reversion Plan
- We say “YES”
Many companies offering Home Reversion Plans
will only consider a limited range of property types and owner
/occupier circumstances. However, Neville James has teamed
up with Home Reversion Providers who, as well as looking to
invest in the more traditional cases, are happy to consider
investment in a much broader range of properties and circumstances
than most mainstream product providers. We therefore offer
two plans:
Neville James Opportunity Plan:
- Minimum release of £20,000
- Minimum value of property £80,000
- Properties of owners from age 65
- Properties in England and Wales considered
- Ex-Local Authority properties considered
- The Home Reversion Provider is a member of SHIP
- Freehold or leasehold subject to minimum term remaining
of 85 years
- No administration or valuation fee (typically £95
contribution refundable on completion)
Neville James Alternative Plan:
- No minimum release
- No minimum property value
- Properties of owners from age 65
- Properties in Scotland, Northern Ireland, England and
Wales considered
- Long & Short leasehold properties
- Properties with agricultural restrictions
- Properties in shared ownership eg Housing Associations
- Ex Local Authority properties
- Apartments in converted properties
- Non-standard construction
- No administration or valuation fee (typically £95
contribution refundable on completion)
Whilst Neville James can arrange Home Reversion
Plans for many types of property and circumstance, the Home
Reversion Provider can only proceed where the surveyor who
undertakes the property valuation indicates the property is
acceptable. We are always happy to discuss individual properties
and circumstances.
Look at these typical examples
100% Full Home Reversion - Couple in
Detached Bungalow
Market Valuation £ 275,000
Spouses' ages Male - 76 Female - 72
Full Home Reversion Plan £ 122,072
Typical owners' solicitors fees less £500
Fees payable to Neville James Equity Release Nil
Other fees: see Key Facts Illustration
Total cash sum released £ 121,572
50% Partial Home Reversion - Single
Male in Semi Detached House
Market Valuation £ 200,000
50% Market Valuation £ 100,000
Single owner's age Male - 76
50% Home Reversion £ 59,310
Typical owner’s solicitors fees less £500
Fees payable to Neville James Equity Release Nil
Other fees: see Key Facts Illustration
Total cash sum released £ 58,810
Equity retained by homeowner 50%
Rates correct as at 1st April 2008
"Imagination is the highest kite one
can fly"
Lauren Bacall
This is a Home Reversion Plan. To understand
the features and risks, ask for a personalised illustration.
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