It’s a binding agreement, registered at the Land Registry, that protects your right to live in your chosen home.
You’re named on all legal documents as the "Lifetime Lease Owner".
You don’t own the property itself. You pay Homewise a one-off amount for your plan and own the legal right to live there, rent-free and mortgage-free, for your lifetime.
Your independent solicitor confirms all of the details with you before anything is finalised.
The property you choose is purchased at the full agreed selling price by Homewise, or one of our partners, as a long-term investment.
The property owner is named as the "Provider" on documentation, and has legal obligations set out in your agreement, including leaving you to live quietly and peacefully in your home.
You can still leave a guaranteed inheritance. You can protect a share of your home's future value which would be paid to your estate when the plan ends. Anything from 0% - 50% it's your choice.
You are always protected, no matter who owns the property. It's your home to enjoy, securely, for as long as you want it.
How do I qualify?
To qualify, everyone named on the Lifetime Lease must be aged 60 or over and eligible to live in the UK.
Other people can live with you (with prior agreement) but they will be required to leave when the plan ends. You can’t add anyone to the lease at a later date or sublet your home at any time.
All named Lifetime Lease Owners have the legal right to live in the home until the plan ends. That security is yours for life.
