You will always own your home. Both home reversions and lifetime mortgages have safeguards. If you take out a home reversion you have guaranteed lifetime occupancy under the lease agreement and a copy is registered at HM Land Registry. Provided you comply with the terms of the agreement, you and anyone else named in the agreement has guaranteed occupancy for the full term of the lease.
If you have a lifetime mortgage, and even if the total amount of the loan plus any interest exceeds the property’s value, your house cannot be repossessed as long as you have maintained it and complied with the mortgage agreement.
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