What is the Home for Life Plan?
The Home for Life Plan is a simple and straightforward way to buy your dream home at a fraction of the price and with no rent or mortgage repayments for your lifetime.
How we can help you
We want to give everyone the chance to live in a home and an area that they love. Our Home for Life Plan gives people aged over 60 the chance to purchase their next home with a significant discount from the full market price. So far, we've helped thousands of people to move closer to family and friends, raise a bit of extra money or simply buy their dream home.
Your bespoke Home for Life Plan
You could be entitled to a discount of anywhere between 8.5% and 59% depending on your age, personal circumstances and the property you're looking to buy. As part of the Home for Life Plan, you have the option to safeguard up to 50% of the property's future value for you or your estate. Were you to pass away or move into permanent care, the remaining percentage would return to Homewise. Just like normal house hunting, you choose your next home. We can apply the Home for Life Plan to pretty much any property on the open market giving you more choice and more control over your next move. For more information and a free, no obligation quote, call us now on 0800 043 4488.
How does it work? The Facts
Every Home for Life Plan we create is completely bespoke. Your discount is based on a range of factors including your age, gender, property criteria and how much you’re looking to pass on for an inheritance, and could be anywhere between 8.5% and 59%.
Protect money for your future
As part of the plan, you have the option to safeguard up to 50% of the property’s future value. Should you pass away or move into permanent care, this share of the property’s value would always return to you or your estate.
The purchase process
We’ll buy your next home for you at the full market value, and you pay us your bespoke discounted price for a Home for Life Lease. When you pass away or move into permanent care, the property would be sold and your safeguarded percentage would always return to you or your estate, whilst the remainder would return to Homewise.
Your Home for Life Plan is registered at Land Registry, and protects your right to live peacefully in your home for your lifetime. Similarly, your safeguarded percentage of the property's future value is protected in a legal document called a Declaration of Trust.
What can the Home for Life Plan do for you?
Hundreds of people each and every year trust Homewise to help them find their dream home. Here’s why.
- Pay off an interest-only mortgage
- Clear other debts, credit cards, mortgages or loans
- Move to a better area
- Free up money for your retirement
- Buy a nicer or more suitable home
- Create an early inheritance
Quick discount calculator
Find an approximate amount you could pay for your new home
How old are you?
(60 – 90 years old)
How much would you like to retain for inheritance?(0% – 50%)
When buying with the Home for Life Plan, you can retain up to 50% of the property's future value to pass on to your estate. The amount you choose to retain will affect the discount we can offer you.
Example house price
(£0 – £1,000,000)
Price you could pay …
Call us now for your
Curious to see how much you could actually save?
Call us now on 0800 0434 488 or pop your details into our free quote form
Moving From Abroad?
With house prices on the up, finding a home in the UK that suits your lifestyle and your budget can be rather tricky. With our Home for Life discount, however, the UK property market is instantly more achievable and our Move Simply service could help you to arrange viewings, manage solicitors and update your utilities easily from abroad. All you need to do is bring the weather back with you, please.
Your Home for Life Plan is protected at Land Registry. Find out more about how we protect you and your family.
Moving can be a tricky old business at the best of times. Our Move Simply service will see you safely through every stage of the process.
Any other questions? Take a look at our FAQs and find out exactly how the Home for Life Plan is set up to help you.
meet Jane and Tony
Jane and Tony emigrated to Spain in 2007, but property prices there have suffered and their property had decreased in value. Here’s their Home for Life story about moving back home.
So what are the next steps?