Retirement
A government backed shared ownership model that provides age appropriate accommodation and peace of mind for residents and their families.
Why this matters
Most housing built for older people in this country is either rented or sold outright.
Very little of it lets someone own part of their home, release the rest of their equity, and stop worrying about the difference. Older persons' shared ownership does exactly that, and almost nobody builds it at scale. We intend to.
how it works
Older persons' shared ownership is available to buyers aged 55 and over.
A buyer purchases a share of their home, and pays rent on the rest. They can increase their share over time up to a maximum of 75 per cent, and once they reach 75 per cent no rent is payable on the remaining share at all.
For someone downsizing, that turns a lifetime of housing equity into a smaller home they part-own, a smaller bill, and money left over, and it releases a family house back into the market behind them.
The partnership
We are delivering older persons' shared ownership in partnership with Villafont Homes
Villafont Homes, part of the McGoff Group, is a specialist developer and operator in later living. They build and operate; our registered provider owns the homes and holds the regulatory relationship; the capital comes from the same institutional sources that fund the rest of the portfolio.
Connecting Capital
Unlocking Homes