What is a home for life plan?

- Tue 09 Jul 2024

If you, or someone you know, is aged 60+ and searching for a new home, it’s likely you have heard of Homewise – but do you know what a home for life plan can offer you?

Exclusively for ages 60 and older, the Home for Life Plan provides a simple way for you to secure your next home for thousands less, through the purchase of a Lifetime Lease. Whether you wish to downsize, upsize, relocate closer to loved ones, clear outstanding debts, provide an inheritance, or simply enjoy peace of mind in a home you love, Homewise can help.

Bradleys Estate Agents partnered with Homewise in 2018, to offer our customers of all ages a complete service and to ensure those aged 60 and over have access to alternative solutions which may mean they can secure the ideal home for their future.

But how does it work?

Just like normal house hunting, you search for properties on the market and once you find your ideal home, Homewise will seek to negotiate and purchase that property.

Put simply, Homewise buy the property, you pay them a one-off sum to purchase a Lifetime Lease on it (the cost of which is always less than the full market value of the property), providing you with the right to live in your new home without any rent or mortgage payments at any time. You can also choose to pay extra upfront to purchase a percentage of the property value to safeguard for your estate.

Find out more here - https://www.homewise.co.uk/moving-home-solutions/home-for-life-plan/lifetime-lease

Through their complementary Move Simply service, they can:

-          Conduct thorough property searches and checks on behalf of their customers

-          Liaise with their nationwide network to find the perfect property

-          Arrange priority viewings on the customers’ chosen property, both virtually and in person

-          Negotiate with agents to secure their dream home for the best price

-          Help customers navigate the solicitors and conveyancing process

-          Support each customer throughout every step of their move

To learn more about Homewise head over to their website and get in touch to discover how, together, Homewise and Bradleys could help you secure your perfect property!

Find out more by visiting our over 60s budget booster page - https://www.bradleys-estate-agents.co.uk/pages/over-60s-budget-booster