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单词 home reversion
释义

home reversion

noun [mass noun, usually as modifier] British
A financial agreement by which a person relinquishes all or part of the ownership of their home in exchange for a lump sum, while retaining the right to live there: with a home reversion plan, if you sell 100 per cent of your home you’ll still be responsible for maintaining it even though you no longer own it home reversion is another option...
  • The current lack of regulation has led to fears of unscrupulous practices and has contributed to the decline in home reversions.
  • It is also looking at reforming the annuities market and regulating equity release and home reversion plans to enable people to release money from their homes.
  • A single man aged 70 with a £200,000 home who took a home reversion scheme on half of it might get a lump sum of around £48,000.
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更新时间:2025/1/24 13:51:49