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Equity Release. How is it completed?
fil212
Posts: 11 Forumite
My mother in law is just coming to the point where she needs to move out of her house which has a 50.50 reversion plan on equity release .
My question is has anyone experienced what happens at the end of one of these reversion plans? who is repsonsible for selling the house? how is it valued? who covers the sales costs?
Any information from anyone who has had to end of an equity release plan. Please note it's a reversion plan, not a lifetime mortgage.
Thanks
My question is has anyone experienced what happens at the end of one of these reversion plans? who is repsonsible for selling the house? how is it valued? who covers the sales costs?
Any information from anyone who has had to end of an equity release plan. Please note it's a reversion plan, not a lifetime mortgage.
Thanks
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