OLDER PERSONS SHARED OWNERSHIP

15/10/2024

shared ownership retirement village apartment sale

LUXURY LIVING MADE AFFORDABLE

The largest and most in-depth survey ever conducted of UK Retirement Community residents and prospective residents has found that people who live in Retirement Communities have healthier, more active, more social, more secure and happier lives than those who have not yet moved to a Retirement Community.

Latest research has found that 11.4 million homeowners are aged 55 or over. And yet, there are many last time buyers who are still unaware of the benefits which the Government’s Shared Ownership scheme could bring to them. The time may come when the maintenance of your home becomes too much, the kids have flown the nest and you’re looking to downsize, feeling isolated or looking for stress-free accommodation. The Shires could be just what you’re looking for.

Benefits Of Shared Ownership At The Shires

Purchase of a brand new build at a lower cost
Lower initial and ongoing costs
Fully independent living (But with additional services if ever needed in the future)
Additional security & safety throughout the building
Low-Maintenance living
Active independent lifestyle
On-site amenities and services
Community and social engagement
Modern but adapted apartments
Pet friendly

Shared ownership enables buyers to purchase a portion of a property, typically between 25% and 75%, significantly reducing upfront costs compared to buying a home outright. This makes luxury living more accessible at a lower price point.

Downsizing Made Simple

For older adults seeking to downsize while retaining some equity in their property, shared ownership offers a financially manageable and flexible housing solution. It allows retirees to secure comfortable, long-term accommodation without sacrificing their financial independence. With the option to increase ownership over time, this model provides long-term security and stability while reducing the financial burden of homeownership.

The Shires offer flexibility, luxury, and peace of mind, making it a valuable choice for now and the future.