Bridgewater raises limit on home reversion plans

Bridgewater Equity Release, the home reversion specialist, has raised the maximum amount of cash available to be released through its range of home reversion plans to £250k from its previous limit of £100k.

The increased £250k release is available for all Bridgewater’s home reversion products including the maximum release plan, flexible release plan and secured escalating release plan.

Bridgewater Equity Release recently won the coveted ‘Best Home Reversion Provider’ for the fourth consecutive time at the 2009 Equity Release Awards.

Peter Welch, Head of Sales and Distribution at Bridgewater Equity Release, commented: “Bridgewater continues to lead the home reversion sector in terms of product offering; we are the first provider to raise our maximum release and the £250k amount is substantially more than most of our competitors left in the market.  This is proof positive of our commitment to the market and we will continue to ensure our customers can release the equity they need through a Bridgewater home reversion plan. 

“We introduced the £100k maximum as part of a robust risk management process which allowed us to keep products on the shelves throughout a particularly difficult period for the market.  That decision ensured that our releases remained available to as many customers as possible.  We have now entered 2010 with an intention to build on our position of leadership in the home reversions sector and this increase in the maximum release available to £250k shows the way forward.”

For more information on Bridgewater Equity Release, visit bridgewaterequityrelease.co.uk.