Mr & Mrs Johnson, Kent

Pigeon fancier Frank and his wife Elizabeth undertook a partial home reversion plan with Home & Capital to pay for improvements to their Somerset home and put a little aside to help supplement their pension. “After talking to our children we decided that the home reversion plan suited all our needs”, says Frank.

Six years later they decided to move nearer their family and exercised their right under the plan to move home without penalty.

Their existing home was marketed in the February and a sale was agreed in the April. They completed the purchase of a new 3-bedroom home in Kent by June that year.

The dedicated Home Services department at Home & Capital managed the whole transaction – a service that was free of charge.

As they had retained a share in their property, the Johnsons benefited from the increase in the value of their original home, were able to move to be near family and, without selling a further share of their home, they were able to release significant capital which helped them improve the new home to their own taste.

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