Over 60s Home for Life

Are you 60 or over and searching for the ideal home?

A Home for Life from Over 60s home specialists, Homewise, is a unique solution that can enable you to secure your perfect new home for up to 59% less* than the market value and be mortgage free. Achieve your new home goals and be free of financial burdens.

• Ideal home, perfect location
• Mortgage-free
• Interest-free
• Rent-free
• Inheritance options
• Savings for retirement
• Security for the future

Your budget could be boosted, with a Home for Life

If you’re aged 60 years or older, a Home for Life could be the right option for you. Pay thousands less to secure your new home, with help Homewise.

There’s no financial lending with a Home for Life. No mortgage, no rent, no interest to repay. Simply choose your brand-new home and Homewise buys the property.

With greater savings versus the full purchase price, you have even more choice of new homes!

Input your current budget in the quick calculator and instantly see the property price you could look up to, broadening your new home options.

A bespoke solution, tailored for you

Every Homewise Home for Life is unique and tailored to your budget and moving goals.

With a significant saving on the property, you could move to your dream home in the ideal location (anywhere in England or Wales), create savings for your retirement, pay off a previous mortgage or debts, and gift a guaranteed inheritance for loved ones if you wish.

Request a call from Homewise to discover how a Home for Life could work for you and your bespoke quote today.

How does a Home for Life work?

• You chose your ideal home and Homewise will pay the agreed selling price to buy the property
• You pay a one-off amount to Homewise (up to 59% less than the market price) to purchase a “Home for Life Plan”, to live in your chosen property without any rent or mortgage payments
• The amount you pay is calculated based on your personal circumstances and property choice
• Whilst you do not own the property itself, you have the choice to safeguard up to 50% of the property’s future value which can provide a guaranteed inheritance for your estate
• A core legal document of the Home for Life Plan is a “Lifetime Lease” - this provides you with the legal right to live in your chosen property, rent-free and mortgage-free, for your lifetime and is registered at the Land Registry, with you named as the Lifetime Lease Owner
• When you pass away or move permanently into long-term care your Home for Life Plan will end, and the property will be sold; any safeguarded percentage of the sales proceeds will be paid to your estate, less your share of the selling costs
• The Home for Life Plan is not a financial service like a mortgage or loan, so there are no interest repayments at any time; there is no borrowing involved and therefore there is nothing to pay back
• As with any house move, your legal work will be conducted by an independent solicitor of your choice; they will be required to sign a solicitor’s certificate confirming that they have fully explained the Home for Life Plan to you, and you are happy to proceed with the purchase
• The Home for Life Plan is portable and can move with you to a new home in the future, should you wish to move again

Be free from ongoing financial burdens and have peace of mind knowing that you are secure in your home for your lifetime, with a Home for Life from Homewise. Search for your dream home today.

*Savings against the property value range from 8.5% to 59% for freehold properties (that is with 0% safeguarded) and depend on the customer’s age, personal circumstances, and property criteria. Only available to those aged sixty years old and over. Homewise terms and conditions apply.