You need to be at least 65 to qualify, and you won't get
anything like the market value for the percentage you sell.
(Meanwhile, you'll remain wholly responsible for the upkeep.)
For example, if your home is worth £200,000 and you decide
to sell a half share, you might expect the provider to give
you £100,000.
In fact, you are likely to receive around £50,000 or even
less.
When you die, unless your heirs are very well-off, they
will probably have to sell up to clear the debt.
If your home's value has remained static and they realise
the full £200,000, they will be left with just £100,000.
Hopefully, though, by the time you die, it will be worth
far more.
But even if they are able to sell it for, say, £400,000,
they can keep only half, as the scheme provider is entitled
to the rest meaning it gets £200,000 in exchange for lending
just £50,000.
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