Leasehold schemes for the over 55's

Leasehold schemes for the elderly allow purchasers to acquire a 50% or 75% share of the full market value of the property, with Rosa Homes retaining ownership of the balance. Rent is paid on the share retained by Rosa Homes, but if 75% is purchased, no rent is payable on the remainder. This means that the total cost to yourself is significantly lower than purchasing a property outright. Leasehold for the elderly is intended for people over 55 years of age who would like to retain an independent lifestyle with the facility for an emergency call system if required.
The properties are intended for purchasers who cannot afford to buy outright on the open market but who are able to obtain sufficient funds to purchase a 50% or 75% share of the property (dependent upon the scheme).

Rosa Homes will always retain a 25% share in order to ensure that future sales take place to the same client group.

Rosa Homes also build in partnership with local authority communal schemes that provide properties for sale with extra care services and facilities for residents.
All prospective purchasers are required to complete Rosa Homes' application form in order that we are able to select applicants fairly and make sure that they meet the criteria for the scheme. Priority is given to people over 55 years of age who fall into the following categories:

1. Tenants of a local authority or housing association.
2. People registered on the waiting list of local authorities or housing association(s).
3. People who live within the local authority catchment area.
4. People who own their own property, which has become difficult to look after and is no longer suitable for their requirements.
5. People with health reasons for moving.

If schemes are fully allocated, an application may be made and your name placed on a waiting list. In the event of re-sale this is held by Rosa Homes. Waiting Lists will be reviewed on an annual basis.