Hi,
I would like to ask that:
1. Can policyholders unwind home reversion plans by voluntarily “buying back” part of their houses from insurers? Are there any penalties?
2. If a homeowner dies shortly after taking a lifetime mortgage (e.g. a month), will the product provider sells the property or the deceased’s family members have an option to pay interest due & repay loan? If the latter option is available, in general, what is the acceptable range of period length for this option to apply?
Thank you.
Last edited by a moderator: May 28, 2017