How does the Home for Life Plan 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 for your future, and 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 inheritance 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.
So what are the next steps?