Home ownership options for the over 55s

Buy a share in a home that meets your needs

Across St Helens we’re building new homes specifically with the needs of the elderly in mind.

Now you have the chance to own a share of one of these beautiful new properties through our Shared Ownership for the Elderly scheme.

You can buy any share between 50 and 75 per cent – and pay reduced rent on the part we still own. Once you own 75 per cent – the property is rent free!

Shared Ownership for the Elderly offers a great way to get a foot on the property ladder.

If you want to sell, you must first offer to sell your share back to us. If we decide not to buy it back you can sell your share on the open market.

It’s perfect for older people who want to buy a home but who can’t afford to purchase a property outright.

It works just like buying any other house – so you’ll still have to organise a mortgage, pay legal fees and stamp duty (currently only payable on properties worth over £175,000).

Buying a share in a Helena property for the elderly means you become the leaseholder – so you will be responsible for any repairs or improvements. You will also have to pay a service charge to cover the costs of upkeeping and maintaining communal areas.

To find out more about Shared Ownership for the Elderly, and the fantastic range of Helena Living properties for older people, call us on (01744) 671555. One of our advisors will be happy to talk through your options and help you work out the costs.