Description: There are two main equity release plans for retirement financing: reverse mortgage plan and home reversion plan. Both plans entitle the home owners to release cash from their properties without leaving their home. In the lease buyback scheme (LBS) recently introduced rin Singapore, the home owner sells the tail-end of the property lease to the government in exchange for a cash payment upfront. Unlike the two main equity release plans, the LBS only allows the owner to stay in the property during the front part of the lease but not for life. In this paper, we propose a hybrid home equity release plan that incorporates both features of the home reversion plan and the LBS. We provide an actuarial framework to analyse the pricing of the hybrid plan. Some numerical illustrations are presented to show the actuarial values of the plan under different parameter choices, such as lease period and portion of property values sold. The hybrid plan provides enhanced flexibility to plan takers to meet their retirement needs.