Leasehold Schemes for the Elderly are purpose-built apartments, specifically designed to meet the needs of older people, and intended to provide the leaseholder with low-cost accommodation and a totally independent life-style. This booklet explains how t

Shared Ownership helps you get a foot onto the property ladder. You part-buy a property, say 50%, and pay a monthly rent and service charge to us on the remainder. Because you need a smaller mortgage and pay a reduced rent, the monthly costs are cheaper t

The purchase of leasehold scheme for the elderly properties is subsidised through public funds, which provides a 30% discount below market valuation. This subsidy is provided specifically to allow retired people to obtain purpose built accommodation at an

In September 2009 the OFT announced an investigation into the contract terms signed by owner-occupiers of purpose-built retirement homes. We considered that a number of terms relating to transfer fees – payable when a lease is assigned, sold or disposed o

This paper on the deliberations of the APPG on Housing and Care for Older People was largely authored by Claudia Wood on behalf of the APPG, chaired by Lord Richard Best. In undertaking this inquiry, the APPG hoped to address the following questions:

Some residential leases require the leaseholder to pay a fee when they resell the property, sub-let it, and on certain other events. The fee can be up to 30% of the property’s resale price. The money either goes to the landlord or into a fund for the long

For many people, retirement and sheltered housing allows you to retain the independence of having your own front door whilst having the reassurance of additional services and assistance close by. This factsheet discusses the key things to be aware of