A home reversion plan is designed to release money, usually tax free, from the value of your property while you remain in your home for the rest of your life or until you move out permanently. When you die and there is no surviving occupant included in the original agreement, the home reversion plan comes to an end. We will work with whoever you have appointed to manage your estate (for example, executors or personal representatives) to bring the legal agreements to a close and to sell the property. Your estate remains responsible for the property throughout this process, so we aim to be as helpful as possible and to work at an appropriate speed, remaining very sensitive to the needs of those assisting with the transition. We pride ourselves on working smoothly, efficiently and fairly with executors, personal representatives and family members during the plan closure process. Plan agreements normally include a period for handing over the property to us – usually around three months, but we are often flexible in this.
What happens when I die?
