A Guide to Homewise

If you’ve been thinking about moving and are researching the market online, then you may have come across some properties that are advertised with an over-60s lifetime lease, but what does this mean for you?  

Jane Bloggs
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Wards are partnered with Homewise to offer their Home for Life plan, exclusive to those over 60, looking to find their ideal home at a lowered cost.

What is a Lifetime Lease?

Homewise’s Home for Life plan exclusively helps buyers over 60 secure their next home for up to 59% less than the market price!

A lifetime lease is not a mortgage, loan, or equity release plan. Instead, a one-off payment is made to purchase the lifetime lease on a property that the homebuyer chooses, and once paid, the lifetime lease owner can live in their new home rent- and mortgage-free for their lifetime. 

Homewise purchases these properties at the full agreed selling price, ensuring that the seller achieves the asking price, and once purchased, the lifetime lease is registered at the Land Registry, enabling the lifetime lease owner to be legally protected and live securely in their new home. 

 

Why should I choose a Lifetime Lease?

Exclusive for those over 60, looking for a boost to their budget, a lifetime lease can increase your financial position up to 59%. That’s right – you could secure your dream lifetime home for a significantly lower cost!

With a one-off payment, you will be able to live in your ideal home securely without the financial burdens of a mortgage and even secure a guaranteed inheritance for loved ones in the future. 

 

How can a Lifetime Lease help me?

With a boosted budget you will be able to save extra finances for other things such as clearing your current debts, preparing an early inheritance for loved ones, or even creating savings for your future. 

With a huge boost of up to a 59% to your finances, you may be able to expand your search area, to find a home that is in your dream area with amenities perfect for you.

 

Did you know we have an easy and fast Budget Booster Calculator available on our website? You can input your current budget and instantly see how much you could boost your budget by.

Whether you’re looking for your first or your fourth home, we are always here to answer any property-related questions. If you would like to find out more about Homewise feel free to contact one of your local agents.

 

*Terms and conditions apply

 

**Correct as of December 2022

With over 40 branches across Kent, we’re sure to have a team of friendly agents local to you. Find your local team today.