Nectar Homes usually has affordable retirement apartments for sale as part of what is known as the Leasehold Scheme for the Elderly (LSE). Despite the title, chosen for the scheme several years ago, you can usually live at one of our LSE schemes as long as you are over 55 years, not really elderly at all!
LSE properties were built using government subsidy. Each property is sold for 70% of market value, for which the buyer enjoys exclusive possession and use. When such a property is placed on the market, a Chartered Surveyor ascertains the full market value, the property is then sold at 70% of that amount. This way the property remains an affordable form of housing for its entire life.
Residents who have bought properties through the LSE scheme are not required to pay any additional sums to Knightstone other than the standard services charges that all residents pay.
What are the advantages of LSE living?
Living on one of our LSE schemes, you will pay a subsidised price for your home and then live with the peace of mind of knowing that the building and gardens around you are maintained by us* whilst at the same time living with people of a similar age, who are at a stage in their lives much the same as yours. You’ll also be close to local amenities.
You’ll also have the comfort of knowing that if you decide to sell your home, the lease says that Knightstone must buy the property back from you if you don’t find a buyer yourself after six months from the date you let us know you wish to move.
* A service charge is payable
To search for available Retirement Apartment properties, please
click here.
If you would like to apply or find out more information please contact our
Homebuy Sales Team.
