Buying a property can be fiercely competitive. For retirees trying to navigate the process on a fixed income, the market may be especially difficult, but there is a unique solution available. Have you heard of a Home for Life?
To downsize, upsize, find a more manageable home or relocate to a better location on a limited budget is challenging. Wages and pensions haven’t kept pace with the rising housing costs, which can add more financial pressure on buyers.
With limited financing options available and property prices continuing to rise, many people looking to move later in life are finding it increasingly difficult to afford the perfect property. That’s where Homewise can help.
A “Home for Life Plan” from Homewise offers a simple way for movers to afford the perfect property for their retirement. It’s not a financial product and is unaffected by high mortgage rates. In fact, there’s no financial lending at all. It is a unique opportunity for movers aged 60 and older to live in the ideal home, rent-free, mortgage-free and without any interest.
With a Home for Life Plan your next home is instantly more affordable. You could secure the perfect property for your retirement for up to 59% less* than the advertised market price! Greater affordability broadens your options, and your dream home could be within reach. When you see a property you like, simply try our quick online calculator to see how much it could cost for you to purchase a Home for Life Plan and live there, happily and securely, without any rent or mortgage.
For movers who are asset-rich but cash-poor, choosing this unique option means you could unlock equity tied up in your current property and fund your move to the best home for your retirement.
By selling your existing property and purchasing a Home for Life Plan on your new home for thousands less, you can free up funds to enjoy in your retirement. You could pay off debts, gift an early inheritance, top up your savings pot – the choice is yours.
Demand for property is still outstripping supply in popular areas, and there often isn’t enough choice for house-hunters with limited budgets. The shortfall can drive competition and prices, making it harder for anyone, including pensioners, to afford their ideal homes.
The nationwide housing affordability crisis makes it essential to provide creative solutions. At Bradleys, we are proud to help retirees secure their ideal homes and have financial peace of mind for their retirement years. A Home for Life Plan can provide stability, security, and a comfortable retirement. Could it be the right solution for you?
Search for the perfect property and contact your local agent to explore your options today.
*Savings range from 8.5% to 59% for freehold properties with 0% safeguarded; savings may vary for leasehold and retirement properties. The saving received depends on the customer’s age, personal circumstances, and property criteria. Only available to those over sixty years old. Homewise terms and conditions apply.
