Retirement Bridge?

FlyingSquirrel8

Does anyone have any experience of Retirement Bridge (www.retbridge.co.uk) and know if even if they don't own 100% of the property do they still appear as the sole registered owners of the property on the land registry?

Secret2ndAccount

This sounds highly unlikely to me. The land registry reflects the ownership of property. If it says there is only one owner, then it's highly unlikely there is another.
The register can be temporarily out of date if there has been a recent change. There is also the concept of 'charges'. If you take out a mortgage, the lender places a charge on the registry. That doesn't change the ownership, but prevents the owner from selling without permission from the lender.
You need to get a look at the contract between the occupant and retbridge.

FlyingSquirrel8

Thank you that helps a lot.

xylophone

If you are interested in a particular property, you can check yourself here

https://www.gov.uk/government/organisations/land-registry

Sarahspangles

I recall there did use to be unregulated ‘sale and rent back’ companies. With regulation, they shut down. I don’t know anything about Retbridge or if they were formerly in that market. It would be clear from the Land Registry records if this was the ownership arrangement for a house you’re enquiring about.

LHW99

It appears to comprise a large group of (presumably) connected companies:

https://find-and-update.company-information.service.gov.uk/search?q=retirement+bridge

xylophone

Retirement Bridge administer home reversion plans. a form of equity release.

https://www.retbridge.co.uk/about-us/about-us/

For your peace of mind, Retirement Bridge Management Limited is authorised and regulated by the Financial Conduct Authority (FCA)  www.fca.org.uk.  We are also proud to be a member of the Equity Release Council www.equityreleasecouncil.com.



https://static.aviva.io/content/dam/document-library/adviser/equityrelease/equityreleaseer06.pdf

1. A home reversion plan requires a legal conveyance transferring legal ownership or a proportion of it to the reversion provider.

   If only a proportion is transferred, the reversion provider and customer become joint owners on a tenants in common basis.

   Details of ownership must be registered at HM Land Registry.
   

TheOldFox

I have just become a member so sorry that this comment has come so late. If Retirement Bridge does not own 100% of the property then they are not entitled to register at the Land Registry as the sole owner. They tried this with my wife when her father died and they were terminating his home reversion plan. While living he was also registered but when he died RB claimed they had 100% ownership. In fact there should be a trustee representing the deceased's estate. RB tried to appoint themselves as the trustee but we fought this and eventually won. We have an on-going complaint against RB with the Financial Ombudsman Service for a number of other issues, not least their claim that home reversion plans are unregulated before 6 April 2007. This is only true if they are still in the name of the original provider but not when transferred after that date. They then become regulated.