For Sale 0 bedroom flat
Property value £90,000
Share percent 50%
Share percent price £45,000
Retirement Homes
Most of our homes are designed to help new home owners get a foot on the housing ladder and these are generally the under 30s but sometimes there are those who are retired who would like some help too.
The government is increasingly concerned about the aging structure of our population and housing associations have therefore been asked to consider building more sheltered housing schemes. We already have one or two schemes but more are in the pipeline.
If you are struggling to maintain your present home, the garden may be proving too much to cope with and the heating costs too expensive, you may be thinking about downsizing. To qualify for our schemes, you would need to prove that you do not have sufficient financial resources to enable you to buy suitable accommodation on the open market.
You also need to:
- to be capable of living an independent life and in particular to manage your own housekeeping affairs
- have a local community or family connection in the area
Most schemes will be sold as a 75% share and a service charge will be payable for the maintenance of the common areas, the garden and the services of the resident manager. Usually provided are a residents lounge, a guest suite for your family and friends to visit and activities will be arranged by the manager. You will still have your independence and your own front door but you can join in with the activities if you wish and there is no need to feel lonely. You can also enjoy the garden without having to do all of the weeding!
