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Your inheritance wishes

For most people we help, this is where it gets personal. They want the right home for themselves — and they want to leave something for those they care about. With the Home for Life Plan, you don't have to choose between the two.

Every plan is tailored to you — you choose to protect anywhere from 0% to 50% of your home's future value, and that amount is guaranteed to your estate.

That means you can enjoy retirement in a home you love and still leave something meaningful for the people or causes that matter most.

And because you pay less than the market price for your plan, you may also free up money to gift as an early inheritance now — as well as protecting a share for the future.

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How inheritance works

The amount you choose to protect will affect the upfront cost of your plan. The more you protect for your estate, the higher the price of your plan — so there's a balance to think about.

If you choose to protect a percentage of your home's value, this is set out in a legal document called the Declaration of Trust, which forms part of your plan.

It's legally binding and reviewed by your own independent solicitor before anything is finalised.

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Payment to your estate

The plan ends when the last surviving Lifetime Lease owner passes away or permanently leaves the home.

When that time comes, the home is valued. Any protected percentage of that value is paid to your estate, less your share of standard selling costs.

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How it works - meet Christine

Christine is 75. She wants to move to a more manageable home with a smaller garden, somewhere closer to her family. After clearing her outstanding mortgage and setting money aside for future savings, she has a budget of £180,000 left over to fund her move.

Homewise purchases a home of Christine's choosing at full market value. Christine purchases a Home for Life Plan and lives there mortgage-free, rent-free, for life.

Christine can choose how to use her budget. If she protects 0% of the home's future value, she gets the biggest saving upfront. If she chooses to protect a share, the home she can afford will cost more — but a guaranteed amount goes to her estate when the plan ends.

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Protection chosen: 0% Protection chosen: 50%
Christine purchases her Home for Life Plan for £180,000 Christine purchases her Home for Life Plan for £180,000
Homewise purchases her chosen home worth £300,000 Homewise purchases a property worth £225,000
Christine’s budget is boosted by £120,000 Christine’s budget is boosted by £45,000
Paid to her estate when the plan ends £0 Estimated sale price* (after 20 years) £490,000
  Paid to her estate when the plan ends £245,000 (less share of standard selling costs)

 

*Estimated resale value based on 4% annual house price growth compounded over 20 years, as an approximate guide. The UK House Price Index shows annual growth has ranged from 0.7% (2019) to 10.8% (2021). Standard selling costs are deducted in proportion to the amount protected — in this example, 50% of selling costs would apply.

See what the numbers look like for you

Found a home you like? Enter your details to see how much you could save. Or start with your budget and see what's within reach.

  • Takes less than 2 minutes
  • Optional inheritance adjustment — use the slider on the results page to adjust numbers based on your wishes
  • Instant no-obligation estimate

“We didn’t think we’d get everything we wanted. But now we’re here, near the coast & the grandkids, & loving every minute.”

Jim & Stella, moved to Isle of Wight

Want to know what this looks like for you?

Every plan is different — your age, budget, and inheritance wishes all affect the numbers. If you'd like to talk it through, we're here. No obligation, no pressure. 

Speak with us

Read our brochure

It won't answer everything — but it gives a clear picture of how the plan works, with real stories and real numbers from people who've made the move.