Now hopefully if you are reading this page you will definitely have learned what equity release and home reversion means and how it all works. I am currently writing this from New York and so the theme for this excerpt is America.
As with our legal system, our language, our philosophy and most other civilised pillars of every day life, the Americans have taken to equity release and home reversion. The similarities between our cultures are patent for all to see and so it is inevitable when a good product is conceived, be it on either side of the pond, the other might take to it.
This time, counter to the trend of recent years, it is the UK that are the trend setters. Only in the USA, equity release is called a reverse mortgage. So if you come across the term reverse mortgage, know for sure that it means exactly the same as equity release mortgages and home reversion.